Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO

//Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO

Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO

Chinese wealth management unicorn Lufax Holding is selling American depositary shares (ADSs) in an initial public offering (IPO) on the New York Stock Exchange that could potentially be the biggest US listing by a Chinese issuer this year.The company, which is owned by Ping An Group, China’s biggest insurer, and is among the country’s top three online wealth management platforms with more than 12 million active users, is selling 175 million ADSs at an indicative price of between US$11.5 and US…

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By | 2020-10-23T13:15:19+00:00 October 23rd, 2020|Business|Comments Off on Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO