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Briefing

Chinese Fintech Firm Lufax Seeks U.S. IPO

By
Juro Osawa
· · Source: Reuters

Lufax, one of China’s biggest online wealth management services, is seeking an initial public offering in the U.S. as early as this year, Reuters reported. Lufax, backed by Chinese insurance giant Ping An, hasn’t decided how much it will aim to raise in the IPO at what valuation. The company was valued at $38 billion in its last fundraising in 2018, according to Reuters. Lufax used to be a major...

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