Founded in 2011 and headquartered in Shanghai, China, Lufax (NYSE: LU) is a technology-empowered personal financial services platform in China. Lufax operates in multiple businesses, including wealth management and retail credit facilitation.
Lufax integrates online and offline resources, leverages on technology solutions to improve wealth management experience, foster financial inclusion, supports real economy, and helps financial institutions become more digitized.
Lufax has been listed on the New York Stock Exchange (“NYSE”) since October 2020 as the largest China-to-U.S. public offerings for the two years prior to its listing, and the second-largest U.S. initial public offering in 2020. As one of Lufax’s pre-IPO investors, LionRock was actively involved in, and provide financial and strategic guidance and support to Lufax.