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

 The number is far short of the $315 billion Ant touted for what was set to be the world's largest IPO


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.Regulator-mandated restructuring has since made some more conservative with their internal analysis.Investors’ revised estimates of Ant’s valuation, which will determine their returns, is reported here for the first time.

Warburg Pincus LLC valued Ant at slightly over $200 billion at year-end based on 2020 earnings and comparable company analysis, said one of the people. The U.S. private equity firm sold part of its holding in early 2020 at a $190 billion valuation in a private trade, other sources said.Another investor said its estimate, based on Ant’s latest financial figures, was not very different from that of Warburg.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.Regulator-mandated restructuring has since made some more conservative with their internal analysis.Investors’ revised estimates of Ant’s valuation, which will determine their returns, is reported here for the first time.Warburg Pincus LLC valued Ant at slightly over $200 billion at year-end based on 2020 earnings and comparable company analysis, said one of the people. The U.S. private equity firm sold part of its holding in early 2020 at a $190 billion valuation in a private trade, other sources said.Another investor said its estimate, based on Ant’s latest financial figures, was not very different from that of Warburg.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.

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