Lufax targets multi-billion-dollar US listing

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By Jonathan Breen
08 Oct 2020

Chinese peer-to-peer lender Lufax Holding filed IPO paperwork in the US on Wednesday for what is expected to be a jumbo listing.

The company is looking to float American depository shares on the New York Stock Exchange. It has set a placeholder size of $100m for the listing, but could raise as much as $3bn, GlobalCapital Asia understands.

Lufax is a personal financial services platform backed by Chinese conglomerate Ping ...

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