LU News

The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and a few SPACs scheduled to raise at least $900 million. Russian e-commerce company Ozon Holdings (OZON) plans to raise $750 million at a $4.4 billion market cap. Backed by private equity firm Baring Vostok and Russian conglomerate Sistema, Ozon is a direct play on the...read more

Eleven IPOs and nine SPACs priced this past week, getting out ahead of the US election. Markets tumbled and volatility spiked, as several deals broke issue and three IPOs postponed. The diverse group had very mixed trading, and averaged a return of 9.9%. New filings kept steady with six IPOs and five SPACs (...read more

Lufax Holding, which provides a platform for retail loan facilitation and wealth management in China, raised $2.4 billion by offering 175 million ADSs at $13.50, the high end of the range of $11.50 to $13.50. This will mark the second largest deal of 2020 thus far, behind Snowflake (SNOW) which raised $3.4 billion in September.  Lufax is a leading technology-empowered...read more

Updated Monday, 10/26. In a pre-election tidal wave of deals, 15 IPOs are scheduled to raise $5.1 billion in the week ahead. Chinese loan facilitation platform Lufax (LU) is leading the diverse group, which includes a pool supplies retailer, an mobile auto insurer, and two mortgage lenders, among others. The largest deal of the week,...read more