Ant Group, the financial technology giant with over 1 billion subscribers in the Asia-Pacific region. The public offering, which expected to go into stock market history with 35 billion dollars, suspended.

Ant Group, a subsidiary of Chinese Alibaba. The public offering, which expected to raise around $ 35 billion, unexpectedly suspended.

Ant Group, which will offer 11 percent of the company’s shares on the Shanghai and Hong Kong stock exchanges. Would surpass Saudi Aramco as well.

In the statement made by the company, it said that a detailed explanation will made later on the suspension of the public offering.

Pressing the brakes in the IPO, the directors of the company’s founder Jack Ma’s Central Bank of China. It was noteworthy that arrived after the meeting with the officials of the three regulatory bodies.