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Many Singapore investors in 'state of shock' over abrupt suspension of Ant Group's US$37 billion IPO
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China suspends Ant Group's mega IPO, just 2 days before listing.
PHOTO: REUTERS
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SINGAPORE - 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 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 billion) dual listing from Singapore investors, many of whom are now "in a state of shock".
