Chinese Wealth Management Company Lufax Files for IPO in U.S.

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Chinese Wealth Management Company Lufax Files for IPO in U.S. 3 mins ago by Daria Rud · 3 min read Photo: Depositphotos Lufax will use the proceeds of the IPO for general corporate purposes. They include investment in product development, sales and marketing activities, technology infrastructure, capital expenditures, global expansions, and more. On Wednesday, Chinese fintech giant Lufax filed for an Initial Public Offering (IPO) in the U.S. According to the company’s filing, it is planning to list its American depositary shares on the New York Stock Exchange under the symbol “LU”. The size of the offering is not yet...