Source: Sina Finance on Octorber 30th
Fintech unicorn Lufax Holdings was listed on the New York Stock Exchange today, issuing 175 million ADS at an issue price of US$13.5 and raised US$2.363 billion.
Lufax’s underwriters have 26.25 million ADS over-allotment options. If exercised in full, the total offering could soar to 201 million ADS shares and raised US$2.717 billion in total.
The above-mentioned people believe that the pricing of Lufax is not that high this time, which could be beneficial to long-term investors and the long-term performance of its stock price.
Lufax has thus become the largest fintech IPO in US stocks to date. Lufax has also become another listed company incubated by Ping An Group after Ping An Good Doctor and OneConnect.
Lufax Holdings has completed three rounds of equity financing before the IPO.
Through the prospectus, the investor lineup of its previous financings was also disclosed in detail for the first time. A number of domestic and foreign star investment institutions participated, such as LionRock Capital, J.P. Morgan Securities LLC, UBS AG, London Branch, SBI Holdings, Bank of China Group, Qatar Investment Authority, Macquarie Group, etc.