China's Ant Group IPO debacle triggers tougher scrutiny of new listings

China's Ant Group IPO debacle triggers tougher scrutiny of new listings

IPO

The abrupt suspension of fintech giant Ant Group Co. Ltd.’s record-breaking IPO in November has fueled debate about the shortcomings of the new system for evaluating and approving listings on Chinese mainland stock markets. It’s also accelerated a shift that was already underway to tighten supervision over IPO applications.