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Home > News > Chinese wealthtech Lufax files IPO in US Chinese wealthtech Lufax files IPO in US 8 October 2020 Chinese wealth management platform Lufax has filed an initial public offering (IPO) in the US. There are no financial details in the IPO . The Shanghai-based firm is backed by Ping An Group and will list on the New York Stock Exchange. According to its website, Lufax also offers loans and insurance. Lufax warns in the filing: “A severe or prolonged downturn in the Chinese or global economy could materially and adversely affect our business and financial condition.†Ant...
