Ant Group's IPO is Suspended. Chinese Regulator Cites "Major Issues" In an online notice posted today, the Shanghai exchange said that the company’s proposed offering may not meet the conditions for listing after Chinese regulators summoned Jack Ma, Ant’s controlling shareholder and the founder of Alibaba, for a meeting yesterday. Alibaba is down around 6% as of this recording, having been down even more this morning. Lets discuss what is going on and what might happen with the Ant group IPO.

Neither the regulators nor Ant Financial have disclosed what was discussed at the meeting. But the timing of the meeting, just days before Ant shares were expected to begin trading concurrently in Shanghai and Hong Kong, suggests that the Chinese government is unhappy with either the company or with Mr. Ma.

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