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SoftBank-backed OneConnect set to raise US$312m in US IPO: source

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Ping An Insurance's OneConnect Financial Technology is set to raise around US$312 million in its US initial public offering (IPO) on Thursday, according to a person familiar with the matter.

[NEW YORK] Ping An Insurance's OneConnect Financial Technology is set to raise around US$312 million in its US initial public offering (IPO) on Thursday, according to a person familiar with the matter.

OneConnect priced around 31.2 million American depositary shares (ADS) in its IPO at US$10, compared to a price range lowered on Wednesday to US$9 to US$10 per share and a goal of selling 26 million ADS.

A spokesman for OneConnect declined to comment.

REUTERS

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