OneConnect returns to US with follow-on

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By Rashmi Kumar
11 Aug 2020

US-listed OneConnect Financial Technology Co, a Chinese company whose stock price has doubled this year, is tapping equity investors for new funds.

The firm, a technology services provider for Chinese financial institutions, is offering 16.5m of its New York Stock Exchange-listed American Depositary Shares to investors. The deal was launched during US hours on Monday.

Based on its Monday share price of $20.17, the transaction could be worth ...

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