RWR Posts Supplemental Review of the Risk Section of Ant Group’s “Application Proof” Issued Prior to Its IPO

On September 25, 2020, RWR published a follow-on, supplemental report to an earlier RWR assessment of the risk factors present in the upcoming initial public offering (IPO) of Ant Technology Group in Hong Kong. This report examines the risk disclosures made within the company’s draft “Application Proof” (commonly referred to as a preliminary prospectus) and seeks to explain these risks in greater detail and to put them into better context for increased comprehension.