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Ant’s share buyback values firm at steep 70% discount to IPO
Aggregated Source: ChinaLegalBlog.com

HONG KONG, July 8 (Reuters) – Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), down from $315 billion when it tried to list in 2020, in a move that could allow some investors to exit after a lengthy regulatory overhaul of the firm.…

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