![]() ![]() Global funds have grappled with how to assess their investments in Ant made in 2018 when the company was valued at about $150 billion. Giving some money back to shareholders could help Ant shift its focus to building business operations, easing pressure from pre-IPO investors seeking an exit due to its valuation slump. Ant has completed its overhaul ordered by Beijing, pinching profitability and sapping growth at a sprawling platform that spanned lending and insurance to asset management. That is almost 70% lower than the $280 billion market capitalization it fetched in 2020 for the scrapped initial public offering.Ĭhinese regulators are wrapping up a two-year crackdown on the country’s once-freewheeling technology giants after slapping more than $1 billion of fines on Ant and Tencent Holdings Ltd. on Friday. Each investor would be allowed to sell up to 7.6% of their equity rather than cashing out completely, according to a person familiar with the matter, asking not be identified discussing private details of the arrangement.Īnt’s planned repurchase of the equity would value the company at about 567.1 billion yuan ($78.5 billion), it said in a statement on Saturday.
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