Lufax Holding (LU) Announces Pricing of Initial Public Offering at $13.50/ADS

Go back to Lufax Holding (LU) Announces Pricing of Initial Public Offering at $13.50/ADS

Lufax Holding Ltd Announces Pricing of Initial Public Offering

October 30, 2020 6:46 AM EDT

SHANGHAI--(BUSINESS WIRE)-- Lufax Holding Ltd (Lufax or the Company), a leading technology-empowered personal financial services platform in China, today announced the pricing of its initial public offering of 175,000,000 American Depositary Shares (ADSs), each two ADSs representing one ordinary share of the Company, at a price to the public of US$13.50 per ADS for a total offering size of US$2.3625 billion, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the New York Stock Exchange on October 30, 2020, under the symbol LU. The closing of the offering is expected to occur on November... More