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      Home»China » Chinese Fintech Company Lufax Considering a US IPO This Year

      Chinese Fintech Company Lufax Considering a US IPO This Year

      July 22, 2020
      China, Fintech, USA
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      On the heels of the Ant Financial IPO news earlier this week leading Chinese online wealth management platform Lufax is seeking a US IPO as soon as this year; the former peer to peer lending platform is now one of the leading fintech companies in China and has been flirting with an IPO for years; Lufax initially planned to do an IPO in Hong Kong in 2018 but postponed those plans due to uncertainty over China’s consumer lending regulation; the company was valued at $38 billion at its latest fundraising in 2018; according to Reuters, Lufax has enlisted Bank of America, Goldman Sachs, HSBC, JP Morgan and UBS to work on the US offering. Reuters.

      Tags : Ant Financial, Bank of America, Goldman Sachs, HSBC, IPO, JP Morgan, Lufax, UBS
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