• 11/26/2024

Chinese fintech giant Ant Group to buy back shares at 70 per cent lower valuation than at scrapped IPO

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Ant’s planned equity repurchase scheme would value the company at about US$78.5 billion, which is significantly lower than the US$280 billion market capitalisation it fetched in 2020.

https://www.scmp.com/business/china-business/article/3227022/chinese-fintech-giant-ant-group-buy-back-shares-70-cent-lower-valuation-scrapped-ipo?utm_source=rss_feed