:A number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70 per cent, Bloomberg News reported on Monday.Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB)
:A number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70 per cent, Bloomberg News reported on Monday.
However, a few money managers, including Fidelity Investments and T. Rowe Price Group, have agreed to sell their shares, the report added. That represents a steep 75 per cent discount to the $315 billion valuation in 2020 for what was set to be the world's largest IPO had it not been derailed at the last minute by Chinese regulators.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global investors skip Ant’s buyback after valuation slumps 70% - Bloomberg NewsA number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70 per cent, Bloomberg News reported on Monday.Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPP
Read more »
Trump faces high-stakes deposition in $500m lawsuit against Cohen - Singapore NewsAlejandro Brito, Trump’s attorney, argued that his client’s reputation suffered immense harm due to Cohen’s actions and implied additional misconduct that violated New York’s Rules of Professional Conduct.
Read more »
Singapore on 58th Birthday: The Good, the Bad and the Ugly - Singapore News'I remember Lee Kuan Yew once said that he did not expect his ministers to be saints but if you were caught literally with your pants down, that was it'
Read more »
How to survive office politics - Singapore NewsHere are some effective strategies to manage difficult colleagues and survive office politics.
Read more »
Harry and Meghan left out of royal commemoration for Queen’s anniversary - Singapore NewsSources revealed that Harry and Meghan have not received any invitations to attend public or private commemorations of the solemn occasion. This absence of acknowledgement is particularly significant given the couple’s rocky relationship with the Royal Family since they stepped back from their royal duties in 2020.
Read more »
Girl traumatised after allegedly finding cooked cockroach in Pepper Lunch Express meal - Singapore NewsMr Lee wrote: 'After a few bites, she noticed that there was a cockroach in the bowl which seems to be cooked, she felt very traumatized and nauseous. Hope this could be investigated throughly and provide an update (by the) Singapore Food Agency (SFA).'
Read more »