Jack Ma

Photo: Office Chai

Ant Group Halts IPO Process; Jack Ma Loses $3 Billion

Ahead of the world's biggest Initial Public Offering (IPO), Ant Group's listing at the Shanghai and Hong Kong markets was halted after the company's owner Jack Ma was called for a "supervisory interviews". Also, Ma lost $3 billion after Alibaba's shares at the New York trading slipped by 8.1%. The IPO, which attracted orders worth $3 trillion, would have propelled Jack Ma to become Asia's richest person.

Wed, 04 Nov 2020 - 07:08 AM / by Mahadevan K V

Tags: Jack Ma, Ant Group, IPO, Regulatory Filings

Courtesy: Live Mint