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No IPO Plans: Ant Group Responds to Market Rumors


Photo by FMT
Photo by FMT

Summary


  • Ant Group denies speculation about an imminent IPO restart or a back-door listing.

  • The fintech giant emphasizes its current lack of plans for a public offering, addressing market rumors.

  • Ant Group, a major player in China's mobile payments sector, dismisses stock recommendation scams related to its potential IPO.


 

Ant Group, the Chinese fintech giant known for its mobile payments platform Alipay, has firmly denied reports claiming that it is about to restart its initial public offering (IPO) process. The company’s statement comes in response to a surge of speculation following a recent public speech by Jack Ma, the founder of Ant’s parent company, Alibaba, and rumors circulating about potential back-door listing plans.

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