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Chinese online lender Lufax plans Hong Kong IPO in April at US$60 billion valuation
12-01-2018, 09:21 PM,
Post: #1
Chinese online lender Lufax plans Hong Kong IPO in April at US$60 billion valuation
Chinese online lender Lufax plans Hong Kong IPO in April at US$60 billion valuation: sources
Ping An Insurance unit’s IPO could surpass ZhongAn Online’s offering in September

Laura He
PUBLISHED : Friday, 12 January, 2018, 7:41pm
UPDATED : Friday, 12 January, 2018, 8:57pm

Lufax, one of China’s largest peer-to-peer lenders and online wealth managers, plans to launch an initial public offering in April in Hong Kong, which could value the firm at about US$60 billion in what could be the city’s biggest fintech flotation.

The Ping An Insurance unit plans to file its applications to the Hong Kong exchange at the end of this month, according to people with knowledge of the matter.

The flotation could push Lufax’s valuation to US$60 billion, a three fold increase from US$18.5 billion after its last funding round in 2016.

More details in http://www.scmp.com/business/companies/a...april-us60
Specuvestor: Asset - Business - Structure.

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