The China Securities Regulatory Commission (CSRC) has established a team to reexamine a potential revival of Ant Group Co’s IPO plans. Authorities are also nearing the final stages of issuing Ant a long-awaited licence that would clear the path for an IPO and make the company regulated more like a bank. China’s central leadership has given a tentative nod to restarting plans for listings in both Shanghai and Hong Kong. The CSRC said that it isn’t conducting work on reviving the Ant IPO, although it supports eligible platform companies going public in China and overseas. Ant had planned a record USD37bn IPO in Shanghai and Hong Kong in November 2020 before China abruptly suspended the deal days before the stock was due to start trading.
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