Ant Plans Buyback at 70% Lower Valuation Than at IPO

The video discusses the challenges faced by a company in China, focusing on investor confidence and the need to retain top talent. It highlights the significant drop in the company's valuation from $315 billion to $80 billion and the strategy to buy back 8% of outstanding stock to rebuild confidence. The potential sale of shares to Ant and the impact of a two-year investigation are also covered. Analysts suggest that while these steps bring the company closer to an IPO, more time is needed to improve earnings, which have halved since 2020. The current valuation is higher than industry averages, and the actual value might be lower.

What does the text suggest about the potential for an IPO in the near term?

What are the earnings figures mentioned for the company in 2022 compared to 2020?