Investors value China s Ant Group at over $200 bn after IPO halt: Sources
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Last Updated: Mar 16, 2021, 07:35 PM IST
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The number is about a third above Ant s valuation after its last fundraising in 2018 when it emerged as the world s most-valuable unlisted tech firm, yet is far below the $315 billion it touted for what was set to be the world s largest IPO.
Investor hopes for a huge windfall crashed when regulatory scrutiny scuppered the $37 billion initial public offering (IPO) days ahead of Ant s November listing.
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HONG KONG: Some of Ant Group s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.
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