Ruth Tan

Associate Professor, Department of Finance, National University of Singapore Business School

Ruth Tan is Associate Professor in the Department of Finance at the National University of Singapore Business School. Her current teaching and research interests are in corporate finance, mergers and household finance. She has a PhD from the University of Washington at Seattle.

A booth of digital finance products is seen at a fair during the INCLUSION fintech conference in Shanghai, China, 24 September 2020. (Cheng Leng/Reuters)

With Ant Group's record $34.5 billion IPO suspended, what happens next?

Jack Ma’s fintech company Ant Group had it all planned out. It would bypass American stock exchanges and proceed with a dual listing on the Hong Kong Stock Exchange and Shanghai’s STAR market, which would have raised an estimated US$34.5 billion, the biggest IPO in history. Now that the IPO has been suspended, what happens next?