Professor Michael Wade holds the Cisco Chair in Digital Business Transformation at the Institute for Management Development. Dr. Elizabeth Teracino is a researcher at IMD's Global Center for Digital Business Transformation.
In a surprise move, Ant Group announced that it was suspending its dual initial public offering on the Shanghai and Hong Kong stock exchanges late on Tuesday night. The move was a dramatic step down from what was to be the world's largest IPO, where the company was poised to raise $34.4 billion.
