Hefty premium

12 September 2017 By Alec Macfarlane

Banks underwriting Zhong An’s IPO value it at up to $12.9 bln, says IFR. The tech-style valuations assume years of fast growth for the group, founded by the chairmen of Alibaba, Ping An and Tencent. Ping An itself offers a cheaper way to play the same theme.

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