Global investors value China’s Ant Group at over $200 billion: Report

Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.

The number is at least a third above Ant’s valuation after its last fundraising in 2018 when it emerged as the world’s most valuable unlisted technology company, yet is far short of the $315 billion it touted for what was set to be the world’s largest IPO.

Investor hopes for a massive windfall were dashed when regulatory scrutiny scuppered the $37 billion initial public offering (IPO) days ahead of Ant’s November listing.