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Regulators Squash Giant Ant Group IPO

The initial public stock offering of the Chinese financial company Ant Group, which would have been the world's largest stock offering of all time, has been put on hold.

Alibaba Shares Surge On First Day Of Trading

Shares of the Chinese e-commerce giant opened at $92.70 a share on the New York Stock Exchange today, making it the biggest initial public offering in U.S. history. They were priced at $68 a share.