OneConnect pockets $312m from smaller US IPO

By Jonathan Breen
13 Dec 2019

Ping An Group subsidiary OneConnect Financial Technology has raised $312m from a listing of American Depository Shares (ADS) after trimming and then increasing its IPO.

The company, a technology solutions provider for financial institutions, cut its offering from 36m ADS to 26m on Wednesday, while also revising the price range down from $12-$14 per share to $9-$10.

But as the roadshow wrapped up in the US on Thursday, the company added to the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial