State media in China quoted sources close to regulators as saying that the listing of Jack Ma-backed Ant Group on the stock exchange is unlikely in the short term.
Earlier this month, Ant Group announced a surprise share buyback that valued the fintech giant at $78.54 billion, far less than the $315 billion it tried to market in its pending initial public offering.
The value of the Ant group is estimated at $78.5 billion, which means that it has suffered a sharp deterioration in its market value, amounting to 75%, compared to $315 billion, which was its market value in the initial public offering that the group conducted for its shares before the Beijing regulatory campaign that launched in 2018. 2020.
2023-07-29 22:04:12
#Chinese #media #inclusion #Ant #short #term
