Ant’s IPO Runs Low on Time to Avoid U.S. Election Turbulence
- U.S. is exploring restrictions on Chinese payment services
- Upcoming U.S. election likely to bring market turbulence
Employees sit at a table near an Ant Group Co. mascot displayed at the company's headquarters in Hangzhou, China, on Sept. 28.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. Now its bankers must grapple with any potential delays stemming from a debate in Washington over restrictions on the payments behemoth.
Discussions over how and whether to restrict Ant -- as well as Tencent Holdings Ltd.’s payments systems -- have accelerated among senior U.S. officials in recent weeks though a decision isn’t imminent, Bloomberg reported.