The world\u2019s biggest initial public offering has come to a halt... On November 5, Chinese tech giant Ant Group announced plans to raise over $34.5 billion before its IPO in Shanghai and Hong Kong. It was poised to break the previous IPO record of $29 billion held by Saudi Arabia Oil Co. Today, the Hong Kong and Shanghai stock exchanges announced that Ant Group\u2019s record-breaking IPO has been suspended. Concerns arose yesterday when Ant Group controller Jack Ma, executive chairman Eric Jing and CEO Simon Hu were summoned and interviewed by regulators in China. Following the meeting, the IPO was suspended from the Science and Technology Innovation Board, also known as the STAR Market. The STAR Market is China\u2019s version of the NASDAQ. The Shanghai Stock Exchange cited \u201cmajor issues such as changes to the financial technology regulatory environment \u2026 These issues may result in to fail to meet the issuance and listing conditions or information disclosure requirements.\u201d In a statement to CNBC, an Ant Group spokesperson apologized for the suspension of its IPO and promised to work through the regulatory concerns. An Alibaba spokesperson said the company will support Ant Group throughout the process, despite falling roughly 6% over Ant Group\u2019s IPO suspension. The Only Chat Room That Matters Imagine spending every trading day with two stock market research analysts with 20+ years\u2019 experience, giving you... \tThe juiciest Wall Street News... \tNew trade ideas each trading day... \tAnd super-actionable trading information in real time\u2026 Try it now for 14 days (for only $17) Posts contain affiliate links. Timothysykes.com may get compensated for affiliate posts and purchases through links.