Ant to buy back shares at 70% lower valuation than at IPO – Times of India
Jack Ma-backed Ant Group Co is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit for investors ensnared by a years-long regulatory crackdown at the company. Ant’s planned repurchase of the equity would value the company at about 567.1 billion yuan ($78.5 billion), it…
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