China’s Lufax seeks $60 billion valuation with April Hong Kong IPO: SCMP

China’s largest online wealth management platform, Shanghai Lujiazui International Financial Asset Exchange, or Lufax, is seeking a valuation of $60 billion with its April initial public offering in Hong Kong, the South China Morning Post reported on Monday. Shanghai-based Lufax, which was set up by Ping An Insurance Group (601318.SS) (2318.HK) in 2011, aims to file a …

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