'Mom and pop' investors dismayed by China's scrapping of Ant IPO

Hong Kong (AFP) Nov 4, 2020

Hong Kong's "mom and pop" investors had been looking forward to an instant jackpot via Ant Group's record-busting $34 billion IPO. Instead, China's shock suspension of the listing has left them baffled and angry. The financial tech titan's listing came crashing down on Tuesday evening as regulators pulled the plug just two days before its dual debut in Hong Kong and Shanghai. Demand was