Hong Kong exchange operator backs decision to halt Ant’s record IPO

Photo: HKEX website

Hong Kong stock exchange, which missed out on the chance to host Ant Group’s record $37 billion listing this month, believed the move to suspend the IPO was the right one and hoped the Chinese fintech giant would come back later, its CEO said on Wednesday.

Hong Kong Exchanges and Clearing (HKEX), which currently ranks fourth in the IPO league table of global exchanges according to Refinitiv, would have jumped to No. 2 if Ant‘s dual listing in Hong Kong and Shanghai had gone ahead.

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