bearish

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.
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Oshadhi Kumarasiri
Equity Analyst
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets
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