For subscribers
Ant's IPO from hero to zero a cautionary tale, say observers
Sign up now: Get ST's newsletters delivered to your inbox
Ant said retail investors will get their money back together with the other brokerages and levies, at no interest.
PHOTO: REUTERS
Follow topic:
HONG KONG - The abrupt thwarting of billionaire Jack Ma's Ant Group's US$34 billion (S$46.3 billion) dual listing is a stark reminder of the uncertainty and pitfalls of placing bets on Chinese firms, observers say.
Ms Stefanie Yuen Thio, joint managing partner at TSMP Law Corporation, was surprised by the timing of the suspension as laws are not made overnight.
