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.