Lufax to price $2.4bn US listing at top end

By Jonathan Breen
30 Oct 2020

Ping An Insurance-backed Lufax Holdings is expected to price its American depositary shares at the top of guidance, following a large turnout from global heavyweight investors for its IPO.

Shanghai-based Lufax, founded in 2005, is a personal finance services platform targeting small business owners and salaried workers with lending and wealth management services. The company was looking for fresh capital from the US listing to help with product development, investment in technology infrastructure and global expansion. It ...

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