Analysis: Fidelity cut its estimate for Ant Group's valuation to $70B at the end of May, down from $78B in June 2021 and $235B before Ant's failed IPO in 2020 (Lulu Yilun Chen/Bloomberg)
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Lulu Yilun Chen / Bloomberg:
Analysis: Fidelity cut its estimate for Ant Group’s valuation to $70B at the end of May, down from $78B in June 2021 and $235B before Ant’s failed IPO in 2020 — Fintech giant Ant Group Co.’s valuation was trimmed again by global investors who bought private shares ahead of its suspended initial public offering.
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