Caixin
Jun 10, 2022 05:02 AM
FINANCE

Alibaba Rally Fizzles as Regulators Squelch Report of Ant IPO Revival

Ant has been carrying out a comprehensive business overhaul under the guidance of regulators
Ant has been carrying out a comprehensive business overhaul under the guidance of regulators

China’s top securities regulator said it is not working on a revival of Ant Group’s listing plan, denying a news report that spurred a surge in stockholder Alibaba Group Holding Ltd.’s shares.

The China Securities Regulatory Commission (CSRC) is not conducting a review and research work on an initial public offering for Ant, the commission said Thursday in a statement. The CSRC said it supports qualified platform companies to sell shares at home and abroad.

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