Ant tells staff it will find solution for unsellable shares

Ant suspended a share buyback programme for current and departing staff in July to prepare for the initial public offering (IPO), people familiar with the decision said, but has thus far struggled to revive it in part because of uncertainty over how to value the company.

NEW YORK: Ant Group Co told employees it would eventually go public and promised to help those who need to monetise their shares sooner, seeking to boost morale four months after Chinese regulators torpedoed the fintech giant’s blockbuster listing.

A “short-term liquidity solution” for employees will take effect in April, Ant chairman Eric Jing said in a recent posting on the company’s internal website, according to people familiar with the matter.