Welcome to our dedicated page for Lufax Holding news (Ticker: LU), a resource for investors and traders seeking the latest updates and insights on Lufax Holding stock.
Lufax Holding Ltd. provides financial services enablement and financing products for small business owners and other borrowers in China through relationships with financial-institution funding partners. Its American depositary shares trade on the NYSE under LU, and the company also reports as a Hong Kong-listed issuer under 6623.
Company news commonly covers annual and interim financial reporting, Form 20-F filings, NYSE listing-compliance status, annual general meeting materials, board and committee composition, senior management changes, compliance appointments, and updates tied to its China financing and credit-enablement business.
Lufax Holding Ltd has priced its initial public offering (IPO) of 175 million American Depositary Shares (ADSs) at $13.50 each, totaling approximately $2.36 billion. Each ADS represents two ordinary shares. The IPO is set to begin trading on the New York Stock Exchange under the symbol 'LU' on October 30, 2020, with expected closing on November 3, 2020. Underwriters have a 30-day option to purchase an additional 26.25 million ADSs at the same price. Major underwriters include Goldman Sachs and BofA Securities.