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Letzte Aktualisierung: August 18, 2022

New hope for Ant IPO

Alibaba founder Jack Ma wants to hand over control of the financial conglomerate Ant Group. This will likely appease Beijing, which abruptly halted Ant's stock market goals two years ago.
The past two years have been anything but easy for Ant Group employees. Many of them would have made a lot of money from their stock options in the fall of 2020 if the IPO of Alibaba's financial subsidiary Ant Group had gone ahead as planned. According to estimates, the company's value was over $235 billion, and it could have been one of the largest IPOs of all time. But as we know, China's regulators intervened out of anger over a government-critical speech by Alibaba founder Jack Ma and denied the plans at the last minute.
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