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Product cover image for Ant Group's Suspended Initial Public Offering: The Disrupter, Disrupted

Ant Group's Suspended Initial Public Offering: The Disrupter, Disrupted

Wei, Shang-Jin; Tao, Zhigang; Orr, Ellen

Product #:HK1382
Supplier:The University of Hong Kong
Discipline:Information Systems
Setting:China
Details:Case (PDF) • 11 pages • 2022-09-06

Subjects:

InternetCrisis managementGrowth strategyInvestment managementFinancingWeb-based technologiesBusiness managementCorporate strategyFinance and investingCorporate financeTechnology and analyticsInformation systems

Industries:

Financial service sector

Geography:

ChinaAsia
Your Price:$12.40

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When regulators suspended the high profile initial public offering (IPO) of the Chinese fintech company Ant Group, investors and businesspeople were surprised and unsettled. The offering was halted just two days before the planned listing, after Ant had received routine regulatory approvals. Ant Group leadership needed to understand what the government's expectations were and how to reposition the company to move forward and build on its powerful brand and business model, to maintain success in the absence of an immediate IPO.

Learning Objectives

1. To examine the forces driving the business model of a major Chinese fintech platform. In particular, to explore how fintech companies can grow by filling gaps in traditional financial service offerings. 2. To understand the effects of regulation on financial and technology companies, especially in China. 3. To explore differences in public offering processes and listing requirements on different exchanges, the reasons behind these differences, and the factors companies consider as they choose a listing venue. 4. To gain insight into the risks of private investment in a fast-changing, uncertain environment.
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Case Study: Ant Group's Suspended Initial Public Offering: The Disrupter, Disrupted (English version) | Ivey Publishing