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Business & Finance

Reuters exclusively reports investors value China’s Ant Group at over $200 billion after IPO halt

Reuters exclusively reported that some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, offering a more sober estimate after the shelving of its IPO and forced restructuring. 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. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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