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​Lufax Holding files for U.S. IPO on Thursday

October 09, 2020


Abstract : Lufax Holding, backed by financial giant Ping An Insurance Group, on Wednesday filed to list its shares in the United States, the Shanghai Securities News reported on Thursday.

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BEIJING, Oct. 9 (Xinhua) -- Lufax Holding, backed by financial giant Ping An Insurance Group, on Wednesday filed to list its shares in the United States, the Shanghai Securities News reported on Thursday.

It is reported that the Chinese fintech company aims to raise about 2-3 billion U.S. dollars in its initial public offering (IPO).

This would be the biggest Chinese IPO in the U.S. this year and the largest fintech IPO in the U.S. so far.

The company did not disclose the size of the IPO, but set a placeholder amount of 100 million U.S. dollars. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: Lufax Ping An Insurance

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