Fidelity Cuts Ant Group Valuation by Another 9% to $64 Billion
- Ant first raised funds at a $45 billion valuation in 2015
- Fintech giant was priced at $235 billion before IPO halted
This article is for subscribers only.
Fintech giant Ant Group Co.’s valuation was trimmed again by Fidelity Investments, more than two years after the Chinese government torpedoed its record initial public offering.
Boston-based Fidelity cut its estimate for Ant by about 9% to about $63.8 billion as of the end of November from the end of May, according to Bloomberg calculations based on filings. That’s down from $235 billion just before Ant’s IPO was halted in November 2020.