Ant Financial IPO 🐜 Decimated By Chinese Antitrust Clampdown – Valuation Slashed!
Ant Financial, a Chinese fintech previously valued at $320 billion, reportedly could see its value drop to as low as $29 billion after increased regulation by Beijing antitrust authorities aimed at China’s top tech companies. Alex discusses the massive hit to valuation for what at one time was slated to be the worlds largest ever IPO and the Chinese government’s aggressive crackdown on tech seemingly spurred by Jack Ma’s comments at the Bund Summit this past October in Shanghai.
Ant Valuation Seen Falling to $29 Billion in Worst-Case Scenario: www.bloomberg.com/news/articles/2021-04-27/ant-valuation-seen-falling-to-29-billion-in-worst-case-scenario
Originally Aired: 04/27/21
#AntIPO #China #Antitrust
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