Elections, IPOs and the rise of autocracy

Sat, 07 Nov 2020

It has been a watershed week for several reasons. While all eyes have been on the US presidential election it is also worth looking at Ant Group’s announcement that its proposed listing on the STAR market, which is China’s answer to the Nasdaq, had been suspended by Chinese regulators.This was an earth-shattering decision because the proposed listing of Jack Ma’s Ant Group would have been the world’s largest IPO, raising an estimated US$34.5 billion, with Hong Kong and Shanghai investors clamouring for shares.A link betw...

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