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Ant Financial to Push Back IPO Beyond 2019

By
Wayne Ma
· · Source: Financial Times

Ant Financial, the digital-payment affiliate of Alibaba, is pushing back its initial public offering beyond 2019, the Financial Times reported. The newspaper said the IPO has been postponed amid regulatory pressures, lack of profitability and tighter liquidity in China. It also said Ant doesn’t need to raise cash due to its affiliation with Alibaba. Ant had told investors in its last funding...

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