Alibaba's financial subsidiary may fall in price by half after the failure of a record IPO
After China's regulators suddenly suspended Ant Group's record IPO, the value of Alibaba's financial subsidiary could drop by $140 billion, Bloomberg writes citing experts. If forecasts come true, Ant will cost even less than in 2018, when it raised funds from the largest investment funds, including Warburg Pincus, Silver Lake, Temasek Holdings.