Lufax hooks investors to $2.4bn US listing

By Jonathan Breen
27 Oct 2020

Ping An Insurance-backed Lufax Holdings has covered its $2.36bn US listing. Global heavyweight investors flocked to the long-awaited deal.

The Shanghai-based issuer, a personal finance services platform, is listing 175m American depository shares (ADS) on the New York Stock Exchange, representing 87.5m class A ordinary shares. The float was fully subscribed soon after the deal was launched last Friday, Hong Kong time.

By Tuesday morning in the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial