Ant’s Botched IPO (Part 3): The Regulators Performed A Radical Value-Ectomy
- Sunday, November 22, 2020, 7:14
- Market
- Add a comment
The Ant Group wants to be seen as a Tech company — but China’s regulators see it as a Bank. This means a de-valuation – perhaps by as much as 50% – which derailed the company’s IPO. Ant will end up divesting its powerful consumer credit business.
About the Author
admin123 has written 23414 stories on this site.
