Listing of Ant Group is unlikely in the short term, state media report

Listing of Ant Group is unlikely in the short term, state media report

Technology

Listing of Ant Group is unlikely in the short term, state media report

BEIJING (Reuters) - A listing of Jack Ma-backed Ant Group (688688.SS) is unlikely in the short term, state media reported on Saturday, citing people close to regulation.

Earlier this month, Ant Group announced a surprise share buyback that valued the fintech giant at $78.54 billion, well below the $315 billion touted in the suspended IPO.