A number of global investors have EROTICISM IN THE EVENING SUN lillie stephenelected not to participate in Ant Group’s share buyback scheme as the Chinese fintech giant’s valuation slumped more than 70% prior to its planned IPO, Bloomberg reported on Tuesday. Canada Pension, Singaporean sovereign wealth fund GIC, and US-based fund Carlyle Group are among the investors that have exited Ant’s stake repurchase plan, according to Bloomberg. Chinese authorities halted what would have been a record-setting $37 billion public listing for Ant in 2020, with the Jack Ma-founded company’s valuation having since crashed. Ant last month made an offer to buy back as much as 7.6% of its shares at a price that values the firm at about $79 billion. Alibaba has said it won’t sell any shares to Ant Group. [Bloomberg]
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