Warburg cuts Ant valuation by 15% to below $200 billion: Source
U.S. private equity firm Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15% to below $200 billion, a source with direct knowledge of the matter told Reuters.
Warburg, which was a big investor in Ant’s 2018 private fundraising, lowered the company’s valuation to $191 billion. Source: Reuters