China’s Lufax Holding falls 14% in NYSE debut

(Reuters) – Shares of Lufax Holding Ltd, one of China’s largest online wealth management platforms, fell 14% in their debut on the New York Stock Exchange on Friday, after the company raised $2.36 billion in its initial public offering.

The stock opened at $11.60 per American Depositary Share (ADS), down from the IPO price of $13.50 per ADS.

Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath


Leave a Reply

Your email address will not be published. Required fields are marked *