Chinese wealth management giant Lufax files for U.S. IPO

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Chinese wealth management giant Lufax files for U.S. IPO
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Lufax, which is backed by financial giant Ping An Group, plans to list on the New York Stock Exchange under the ticker 'LU.'

Lufax, one of China's biggest wealth management platforms, has filed to go public in the U.S.

The Shanghai-headquartered firm, which is backed by financial giant Ping An Group, plans to list on the New York Stock Exchange under the ticker "LU." Chinese technology companies have been looking to take advantage of a rebound in stock markets to go public, including on Wall Street, despite the geopolitical tensions between the U.S. and China.

A logo of of Lufax website Lu.com, is seen at the company's headquaters on May 28, 2020 in Shanghai, China.GUANGZHOU, China — Lufax, one of China's biggest wealth management platforms, hasThe Shanghai-headquartered firm, which is backed by financial giant , plans to list on the New York Stock Exchange under the ticker "LU," according to a filing with the Securities and Exchange Commission.Chinese technology companies have been looking to take advantage of a rebound in stock markets to go public, including on Wall Street, despite the geopolitical tensions between the U.S. and China.

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