{"id":123344,"date":"2021-11-24T08:28:47","date_gmt":"2021-11-24T08:28:47","guid":{"rendered":"https:\/\/fin2me.com\/?p=123344"},"modified":"2021-11-24T08:28:47","modified_gmt":"2021-11-24T08:28:47","slug":"exclusive-warburg-cuts-ant-valuation-by-15-to-below-200-billion-source","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/exclusive-warburg-cuts-ant-valuation-by-15-to-below-200-billion-source\/","title":{"rendered":"Exclusive-Warburg cuts Ant valuation by 15% to below $200 billion – source"},"content":{"rendered":"
A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS\/Yilei Sun\/File Photo<\/figcaption>

HONG KONG (Reuters) – U.S. private equity firm Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15% to below $200 billion, a source with direct knowledge of the matter told Reuters.<\/p>\n

There are also no signs that Ant\u2019s botched mega IPO will be revived anytime soon, sources familiar with the matter said.<\/p>\n

Warburg, which was a big investor in Ant\u2019s 2018 private fundraising, lowered the company\u2019s valuation to $191 billion at end-September from the $224 billion at end-June, said the first source.<\/p>\n

The private equity firm\u2019s valuation of Ant, an affiliate of Alibaba Group Holding, is far short of the $315 billion that was touted one year ago during its IPO, which would have been the world\u2019s largest if it were not derailed at the last minute.<\/p>\n

The slashing of Ant\u2019s valuation by Warburg comes as uncertainty remains about the outcome of a regulatory-driven revamp of the payments-to-loans business behemoth, and will weigh on the returns of the global investors who were betting on its turbo-charged growth.<\/p>\n

Warburg also changed its valuation methodology for the company, citing \u201cregulatory developments and the impact of ongoing restructuring\u201d, said the source, without elaborating.<\/p>\n

Ant and Warburg declined to comment. The sources declined to be identified as they were not authorised to speak to media.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS\/Yilei Sun\/File PhotoHONG KONG […]<\/p>\n","protected":false},"author":3,"featured_media":123343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nExclusive-Warburg cuts Ant valuation by 15% to below $200 billion - source - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/exclusive-warburg-cuts-ant-valuation-by-15-to-below-200-billion-source\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive-Warburg cuts Ant valuation by 15% to below $200 billion - source - Fin2me\" \/>\n<meta property=\"og:description\" content=\"A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. 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