What Could Investors Miss Form Alibaba's Fintech Ant Financial IPO?
Portfolio Pulse from Anusuya Lahiri
Ant Group, the fintech affiliate of Alibaba Group Holding Limited (NYSE:BABA), is planning to restructure its operations, which could impact its international stakeholders. The company plans to make OceanBase, its database management system, an independent entity and repurchase shares held by foreign investors. This move could be a setback for investors like General Atlantic and the Carlyle Group.
August 22, 2023 | 8:39 pm
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Alibaba's fintech affiliate Ant Group's restructuring could impact Alibaba's stock price.
The restructuring of Ant Group, an affiliate of Alibaba, could potentially impact Alibaba's stock price. The move to make OceanBase an independent entity and repurchase shares held by foreign investors could be seen as a setback by the market, leading to a potential decrease in Alibaba's stock price.
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