, Columnists
Jack Ma’s Ant Is More MasterCard Than PayPal
Now that the company has filed its IPO prospectus, everyone will want to figure out how much it's worth. We need more information.
A little bit of this, and a little bit of that.
Photographer: Jean Chung/BloombergThis article is for subscribers only.
Valuing billionaire Jack Ma’s Ant Group, which filed its prospectus for a mega initial public offering Tuesday, will be more art than science. It looks like a financial-services company but sells itself as a technology firm. Is it a MasterCard or a PayPal?
On a number of counts, Ant is more like the former.