IPOs

Shanghai Stock Exchange postpones Ant Group IPO

The Shanghai Stock Exchange postponed Ant Group's blockbuster initial public offering, a day after a quartet of regulatory agencies summoned Jack Ma, the company's controlling shareholder, and top executives to a closed-door meeting.

The meeting with regulators and changing regulatory environment have disqualified Ant from listing on 5 November, the bourse said in a statement on 3 November.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink