News Snapshot:
By Joanne Chiu One of China's largest financial-technology companies, Lufax Holding Ltd., is planning an initial public offering in the U.S., even as some other Chinese companies are opting to sell stock closer to home. Lufax, which operates online investment and lending platforms, on Wednesday filed to list American depositary shares on the New York Stock Exchange. It didn't disclose any fundraising details and used a placeholder $100 million sum to calculate its registration fee. The company plans to list by the end of October, people familiar with the situation said. The timing is meant to avoid any market volatility...
