Deals
Ping An’s OneConnect Flat in Debut After $312 Million IPO
- Shares close first day of trading at its $10 offer price
- Software company Bill.Com’s performance tops week’s U.S. IPOs
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China-based cloud fintech platform OneConnect Financial Technology Co. ended its trading debut exactly where its $312 million U.S. initial public offering started.
OneConnect’s American depositary shares, which initially rose as much as 7.1%, closed at $10 Friday, unchanged from the offer price in its IPO Thursday. That gave the company a market value of $3.66 billion.