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Resurrection of Ant’s IPO

The Ant Group has apparently received enough punishment from the perspective of China’s leadership: Authorities are considering granting the financial branch of the Alibaba Group its IPO after all. This is reported by news agencies Bloomberg and Reuters. Green light for the IPO is seen as a sign that the crackdown on tech companies is slowly winding down (China.Table reported). The company itself announced on WeChat that it had no concrete plans yet to revive its IPO plans. However, it recently hired an ex-chairwoman of the Hong Kong Stock Exchange as a consultant, which indicates initial preparations behind the scenes.

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