China's Lufax seeking US$60b valuation in Hong Kong IPO
Add BT as a preferred source
Hong Kong
CHINA'S largest online wealth management platform, Shanghai Lujiazui International Financial Asset Exchange, or Lufax, is seeking a valuation of US$60 billion with its April initial public offering in Hong Kong, the South China Morning Post reported on Monday.
Shanghai-based Lufax, which was set up by Ping An Insurance Group in 2011, aims to file a listing application at the end of January, the newspaper said, citing sources close to the company.
TRENDING NOW
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Not in education, employment or training: Why more Hong Kong youths are opting out of work
