How World's Biggest IPO Unraveled In A Chaotic 72 Hours
The mid-level bureaucrats left China's richest man waiting as they prepared for a meeting that would send shockwaves across the financial world.
New Delhi, 05 November 2020
As per news report of NDTV, it was Monday morning in Beijing, and Jack Ma had been summoned to the China Securities Regulatory Commission just days before he was set to take Ant Group Co. public in the biggest stock-market debut of all time. When the regulatory officials finally entered the room where Ma was waiting, they skipped over pleasantries and delivered an ominous message: Ant's days of relaxed government oversight and minimal capital requirements were over. The meeting ended without a discussion of Ant's IPO, but it was a sign that things might not go as planned.
Source -NDTV
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