China’s Lufax Debuts in Hong Kong Without Raising Funds

(Bloomberg) — Chinese online lender Lufax Holding Ltd. started trading in Hong Kong on Friday after a listing that did not raise proceeds. 

Shares traded as high as HK$36.50 ($4.65) in the Asian financial hub after opening at HK$33.50. That compares with a closing price of $2.01 in the U.S. on Thursday. The American depositary receipts are down 85% since the debut stateside in October 2020.