Ant IPO Back On? BABA Stock Falls as Regulator Denies Bloomberg Report

InvestorPlace2022-06-10

Alibaba(BABA) turned negative after a regulator denied Beijing may allow the company's subsidiary to undergo an initial public offering.The shares had rallied in recent days on positive macro news.A ...

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Comments

jayfalcon
2022-06-11
jayfalcon
Like pls 🙏 thanks
Bspn
2022-06-10
Bspn
Ok
JM85
2022-06-10
JM85
😂
来人
2022-06-10
来人
Ok
MSTAN
2022-06-10
MSTAN
👌👌
peterob1
2022-06-10
peterob1
[Miser]

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BABA Stock Falls as Regulator Denies Bloomberg Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-10 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/ant-ipo-back-on-baba-stock-falls-as-regulator-denies-bloomberg-report/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba(BABA) turned negative after a regulator denied Beijing may allow the company's subsidiary to undergo an initial public offering.The shares had rallied in recent days on positive macro news.A ...</p>\n\n<a href=\"https://investorplace.com/2022/06/ant-ipo-back-on-baba-stock-falls-as-regulator-denies-bloomberg-report/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09988","symbol_name":"阿里巴巴-W","start_time":0,"source_url":"https://investorplace.com/2022/06/ant-ipo-back-on-baba-stock-falls-as-regulator-denies-bloomberg-report/","article_id":"1170383443","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170383443","pubTimestamp":1654829380,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Alibaba(BABA) turned negative after a regulator denied Beijing may allow the company's subsidiary to","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"translate_title":"蚂蚁IPO重新启动？巴巴股价下跌，监管机构否认彭博报道","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.9,"BABA":0.9},"content_text":"Alibaba(BABA) turned negative after a regulator denied Beijing may allow the company's subsidiary to undergo an initial public offering.The shares had rallied in recent days on positive macro news.A DZ Bank analyst recently reiterated a \"sell\" rating on BABA stock.Alibaba(NYSE:BABA) stock is falling 8%. The retreat comes after a Chinese regulator refuted a report that Beijing was moving toward allowing a subsidiary of BABA stock to carry out its long-planned initial public offering (IPO).Since October 2020, the Chinese government has blocked Ant Group from implementing its planned IPO. Alibaba has a 33% stake in the company, which specializes in fintech. As a result, Alibaba has a vested interest in the completion of the Ant IPO.The Fluctuations of BABA StockBloomberg reported this morning that Chinese authorities had recently appointed a group of people to reassess Ant’s IPO. BABA stock jumped 7% in pre-market trading after that story was published. Subsequently, however, the China Securities Regulatory Commission refuted that report, and Alibaba’s shares dipped into the red.However, the commission did clarify it is in favor of Chinese internet companies carrying out IPOs in foreign countries.In the last several days, optimism toward Chinese stocks in general and Alibaba in particular has surged. Among the factors behind the rebound were China’s decision to approve 60 new video games and the easing of Covid-19 mitigation measures in Beijing. Between the market close on Friday and the close of trading on Tuesday, Alibaba’s shares surged nearly 20%. Then, they jumped another 15% on June 8.In addition to the denial of Bloomberg’sreport by government officials, new coronavirus restrictions are being imposed in Shanghai and weighing on Chinese equities today. The city hosts many of the country’s largest financial companies.A Bearish AnalystEarlier this week, Manuel Muehl, an analyst at Germany’s DZ Bank, kept a “sell” recommendation on BABA stock. 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