Apr 14, 2023 05:06 PM
FINANCE
China’s Lufax Debuts in Hong Kong Without Raising Funds
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on July 13, 2022. Photo: Bloomberg
(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.
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