PE-backed Chinese fintech player Lufax files for US listing
Lufax, a Chinese online lending and wealth management platform valued at $39.4 billion following its most recent private funding round, has filed for an IPO in the US.
The company has raised $3.1 billion from third-party investors since 2015, but 85% of its equity is held by Ping An Group, the founder. This is because last month Lufax issued convertible promissory notes...
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