UPDATE: Lufax stock indicated to open below IPO price, as China-based lender raised $2.4 billion
Lufax Holding Ltd. (LU) said Friday it initial public offering priced at $13.50, as the China-based online lender small businesses and salaried workers raised $2.36 billion. The pricing was that the top of the expected range of between $11.50 to $13.50. The stock is currently indicated to open on the NYSE at around $12.00 to $13.00, or 11% to 3.7% below the IPO price. Goldman Sachs, BofA Securities, UBS Securities, HSBC Securities and China PA Securities are the joint bookrunners of the IPO. The company is looking to go public at a time that the
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 30, 2020 11:04 ET (15:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.