Sign of confidence or … something bigger?
The buyback itself was supposed to help investors recoup cash following the issued fines, but – unfortunately for shareholders wanting out – the stock was valued at 70 percent of its level in 2020 when Ant Group almost floated.
That IPO was set to be the world's highest-valued IPO ever. That is, before it was kiboshed by Beijing. Thewas seen by many as retaliation for comments made by founder Jack Ma criticizing the government. But the fine from Beijing was also viewed by many as a finale to the regulatory kerfuffle. Chinese authoritiesJack Ma evenNow that all seem to be in good graces with Beijing, there may be nothing left to do than speculate on whether Ant Group will reattempt an IPO.
Danmark Seneste Nyt, Danmark Overskrifter
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