China’s surprise suspension of Ant Group’s record $37bn listing is set to delay rather than destroy its chances of a stock market debut though the financial technology giant’s valuation and growth prospects are likely to take a hit. The last-minute ambush by China’s regulators has been seen by analysts and investors as an attempt to cut Ant founder Jack Ma and his financial services empire down to size but they expected it to eventually list in Hong Kong and Shanghai. “Ant’s business is likely to be restricted by new financial regulations. As a result, the relaunched IPO price will most likely be lowered,” said Andrew Collier, managing director of Orient Capital Research. Ant has been tryin
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