Lufax Holding Ltd

Lufax Holding Ltd (LU) priced its initial public offering on Oct 30, 2020 at $13.50 per share, and listed on NYSE. At the IPO price its market capitalization was about $16.46B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, UBS and HSBC and others. Skadden, Arps, Conyers Dill & Pearman and Haiwen & Partners advised the company and Kirkland & Ellis and Zhong Lun advised the underwriters.

Lufax Holding Ltd is a technology-based personal financial services platform in China. It meets personal lending demand from small business owners and salaried workers and offers wealth management solutions to the middle class and affluent, facilitating RMB519.4 billion in retail credit as of June 30, 2020.

Status

IPO

Ticker

LU

Exchange

NYSE

Priced

Oct 30, 2020

IPO price

$13.50

Market cap at IPO price

$16.46B

First filed

Oct 7, 2020

Underwriters

Goldman Sachs, BofA Securities, UBS, HSBC, Morgan Stanley, CLSA, Jefferies, J.P. Morgan, Haitong, Stifel and KeyBanc

Company counsel

Skadden, Arps, Conyers Dill & Pearman and Haiwen & Partners

Underwriters' counsel

Kirkland & Ellis and Zhong Lun

Sector

Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.