Critics Say $40B IPO Could Subsidize China’s Human Rights Abuses, Risk National Security

Some China observers are wary of a potential $40 billion initial public offering (IPO) by tech giant Ant Technology Group, saying the funds could underwrite China’s human rights abuses and risk U.S. national security.

The Committee on the Present Danger: China (CPDC) is urging the Hong Kong Stock Exchange, U.S. investment banks and the Trump administration to block the Ant Group IPO, which could be the largest IPO in history.

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