China's revamp of Ant Group dents investor appetite for IPO revival

China's revamp of Ant Group dents investor appetite for IPO revival

Ant Group's Hangzhou Headquarters. Source: Ant Group

China’s regulatory-imposed revamp of Jack Ma’s Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to revive what would have been the world’s biggest IPO.