The hope of an Ant-IPO is fading


| Source: Finanztreff | Reading time about 2 minutes.

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    <img src=""/><figure/><div><p>After the postponed IPO of the Alibaba subsidiary Ant Group, hope of only a short delay is now fading.  The long-awaited IPO will probably not come until 2022.

The chances of an IPO in the coming year would be getting weaker, Bloomberg reported on Monday, citing insiders. The reason are new guidelines for lending to consumers, which still have to be readjusted. Ant Group, in which the retail giant Alibaba has a one-third stake, is still in an “early stage of the review,” it said.

Problems with new regulation

At the beginning of November the IPO of Ant Group was canceled at short notice. The reason was new plans for restrictions on online lending, which are likely to severely affect the Ant Group’s business. According to this, such companies will have to finance 30 percent of the loans that are granted jointly with banks. However, experts also see it as a possible step against a company that, in the eyes of the government, may have become too big for the state.

The insiders now told Bloomberg that China attaches great importance to the fintech company’s compliance with regulatory requirements. According to the media report, the state has set up a task force to monitor Ant Group.

That’s what Alibaba stock does

Postponing the IPO further would be an additional setback for Alibaba founder Jack Ma. The IPO was originally supposed to bring $ 34.5 billion into the coffers. In response to recent media reports, Alibaba shares in Hong Kong fell 3.5 percent.

With material from dpaAFX.


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