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Abrupt halt to Ant IPO stuns investors in S'pore and abroad
$50b dual listing saw a lot more interest than usual from Singapore investors, say brokers
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Billionaire Jack Ma's recent criticism of regulators stifling innovation could have provoked Chinese regulators, observers say.
PHOTO: REUTERS
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Investors in Singapore and globally were stunned by the abrupt suspension of Ant Group's listing on the Shanghai Stock Exchange (SSE) less than two days before the world's largest initial public offering (IPO) was to take place in the Chinese city and in Hong Kong.
Brokers say there had been a lot more interest than usual in the US$37 billion (S$50.4 billion) dual listing from Singapore investors, many of whom are now "in a state of shock".
