Ant Group's $6.0bn Buyback Move Casts Doubt on IPO Prospects

1.9k Views10 Jul 2023 06:30
Ant Group unveiled a share buyback program worth $6 billion. This buyback values the company at $78.54bn, which is considerably lower than the $315bn valuation during Ant's IPO in 2020.
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 4-minute read)
(Paid Plans Only)
Top Quartile
Oshadhi Kumarasiri
Equity Analyst
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets