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🔒 This is a free preview of a members-only post! 🔒 What happened: In a shock move, Ant Group pulled its record-breaking IPO from the Shangh
Nov 6, 2020 · 2 min readUpdated Dec 17, 2025
🔒 This is a free preview of a members-only post! 🔒
What happened: In a shock move, Ant Group pulled its record-breaking IPO from the Shanghai and Hong Kong stock exchanges, on the evening of November 3rd—two days before its stock was supposed to start trading.
The public story: The Shanghai stock exchange said the IPO was pulled because new regulations had been introduced which affected Ant’s personal loans product line. But given the highly anticipated nature of the IPO, and given that it's China, no one believes that's the full story.
The timeline:
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