Investors offer sober estimate for China's Ant Group at $200b after IPO halt

Investors offer sober estimate for China's Ant Group at $200b after IPO halt

Photo: Markus Winkler/Unsplash

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.

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.

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