Deals
China Fintech Firm Lufax Set to Raise $2.4 Billion in U.S. IPO
- IPO comes during volatile week for U.S. stock trading
- Lufax has pivoted from its peer-to-peer lending roots
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Chinese financial technology firm Lufax Holding Ltd. opened below its offer price after raising $2.4 billion in a U.S. initial public offering priced at the top of an indicative range.
Lufax opened at $11.60 on Friday after the company sold 175 million American depositary shares for $13.50 each, according to a statement.