News Snapshot:
Chinese financial technology giant Lufax Holding Ltd., backed by Ping An Insurance Group Co., is looking to raise as much as $2.36 billion in an initial public offering that would be one of the biggest by a Chinese company this year on a U.S. exchange. Lufax is marketing 175 million American depositary shares for $11.50 to $13.50 each, according to a filing Thursday with the U.S. Securities and Exchange Commission. Two ADS represent one ordinary share. Lufax is going public in the U.S. as relations between Washington and Beijing are at a low ebb, with the world’s two biggest economies...
