PE-backed Lufax follows $2.3b US IPO with weak debut
Online lending and wealth management platform Lufax raised $2.36 billion in the largest US IPO by a PE-backed Chinese company so far this year but endured a difficult first day of trading.
The company sold 175 million American Depository Shares (ADS) for $13.50 apiece, the top end of the indicative range, according to a prospectus, eclipsing the $2.12 billion raised by online real estate...
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