By Joanne Chiu Close Joanne Chiu Oct. 23, 2020 3:25 am ET Lufax Holding Ltd., a smaller rival to Chinese financial-technology giant Ant Group Co., is seeking to raise as much as $2.4 billion from an initial public offering in the U.S.
Lufax, which operates online lending and investment platforms, aims to sell 175 million American depositary shares in a range of $11.50 to $13.50 each, according to a filing Thursday. That implies a market value of $28.1 billion to $32.9 billion, based on the postdeal share count in its listing prospectus.
Banks underwriting the deal have the option to increase its size by 15%. Depending on where it prices, if the banks exercise that option this could be the biggest Chinese IPO in the U.S. since Alibaba Group Holding Ltd. ’s $25 billion debut in 2014, Dealogic data shows. The next-largest such share sale was by KE Holdings Inc., an online real-estate brokerage that went public in August and raised $2.44 billion.Lufax’s targeted valuation reflects heightened volatility in the run-up to the U.S.
Lufax has opted for a U.S. IPO even as some other Chinese companies seek listings closer to home, amid tensions between the world’s two biggest economies. The company had previously considered listing in Hong Kong.
Awesome Traditional fishing Android videos
ducavendish 👀
Personal Data is not even a concept with the CCP!!!
Be most welcome in the broadcast
No one trust China or it's communist corporations.
Fake news! *I'm* the biggest fintech IPO since PayPal!
Tudtad, hogy azt mondja a felel-pont, hogy A-ból, B-be tiszta szilíciummal lehet-frekvenciával gerjesztve-, teleportálni az elektromos áramot?
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »