Lufax launches roadshow for $2.36bn US IPO

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By Jonathan Breen
23 Oct 2020

Lufax Holdings, a personal finance services platform, has opened books for its offering of American depositary shares (ADS). It is aiming to raise up to $2.36bn.

The Shanghai-based company kicked off the IPO on the New York Stock Exchange on Thursday in the US. It is floating 175m ADS, representing 87.5m class A ordinary shares.

Lufax, founded in 2005, is backed by financial conglomerate Ping An Insurance Company of China. It primarily targets small ...

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