Ryland Sandford Consultants Comments On Ant Financials IPO
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Business Wire
TAIPEI, Taiwan--(BUSINESS WIRE)--Ryland Sandford Consultants has commented on the dominant Chinese mobile payments company, Ant Financial who have been looking for the right opportunity to go public.The Initial Public Offering has been delayed due to regulatory worries and concerns regarding the company’s profitability, Ant Financial is an affiliate company of e-commerce giant, Alibaba. Researchers from Ryland Sandford Consultants highlighted that the last time Ant Financial was reviewed the company’s value stood at over $150 billion U.S. Dollars in 2018.“With its last valuation, Ant Financial would still be considered one of the biggest floats of an Asian company,” commented Thomas Barnes, Director of Mergers & Acquisitions at Ryland Sandford Consultants.Ryland Sandford Consultants researchers and analysts noted that in relation to Ant Financials current valuation, there is little information available to the public. However, the company’s last quarter ending September saw over $
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