Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.

Warburg Pincus LLC valued Ant at slightly over $200 billion at year-end based on 2020 earnings and comparable company analysis, said one of the people. The U.S. private equity firm sold part of its holding in early 2020 at a $190 billion valuation in a private trade, other sources said.

Investors included private equity firms Warburg, Carlyle Group Inc, General Atlantic and Silver Lake Partners LP, plus Singapore sovereign wealth fund GIC Pte Ltd and existing shareholders Boyu Capital and Primavera Capital Group.


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Source: Reuters

Reporting by Julie Zhu and Kane Wu; Editing by Sumeet Chatterjee and Christopher Cushing