Lu International (Hong Kong), a unit of Shanghai-based Lufax, launched operations in Hong Kong on Monday. Photo: Reuters Lu International (Hong Kong), a unit of Shanghai-based Lufax, launched operations in Hong Kong on Monday. Photo: Reuters
Lu International (Hong Kong), a unit of Shanghai-based Lufax, launched operations in Hong Kong on Monday. Photo: Reuters

Fintech unicorn Lufax, backed by China’s biggest insurer, Ping An, said to be secretly applying for US IPO

  • Investors valued Lufax at US$39.4 billion in a 2018 funding round
  • Bank of America, Goldman Sachs, HSBC and UBS are running the IPO, source says

Topic |   IPO
Lu International (Hong Kong), a unit of Shanghai-based Lufax, launched operations in Hong Kong on Monday. Photo: Reuters Lu International (Hong Kong), a unit of Shanghai-based Lufax, launched operations in Hong Kong on Monday. Photo: Reuters
Lu International (Hong Kong), a unit of Shanghai-based Lufax, launched operations in Hong Kong on Monday. Photo: Reuters
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