Lufax Holding Ltd (“Lufax” or the “Company”), a leading
technology-empowered personal financial services platform in China,
today announced the pricing of its initial public offering of
175,000,000 American Depositary Shares (“ADSs”), each two ADSs
representing one ordinary share of the Company, at a price to the
public of US$13.50 per ADS for a total offering size of US$2.3625
billion, assuming the underwriters do not exercise their option to
purchase additional ADSs. The ADSs are expected to begin trading on
the New York Stock Exchange on October 30, 2020, under the symbol
“LU.” The closing of the offering is expected to occur on November
3, 2020, subject to the satisfaction of customary closing
conditions.
The Company has granted the underwriters an option, exercisable
within 30 days from the date of the final prospectus, to purchase
up to an aggregate of 26,250,000 additional ADSs at US$13.50 per
ADS.
Goldman Sachs (Asia) L.L.C., BofA Securities, Inc., UBS
Securities LLC, HSBC Securities (USA) Inc. and China PA Securities
(Hong Kong) Company Limited are acting as active joint bookrunners
and representatives of the underwriters for the offering. Morgan
Stanley & Co. LLC, CLSA Limited and Jefferies LLC are acting as
joint bookrunners for the offering. J.P. Morgan Securities LLC,
BOCI Asia Limited, Haitong International Securities Company
Limited, Stifel, Nicolaus & Company, Incorporated, China
Renaissance Securities (Hong Kong) Limited and KeyBanc Capital
Markets Inc. are acting as co-managers for this offering.
The Company's registration statement relating to the offering
has been filed with, and declared effective by, the United States
Securities and Exchange Commission. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering is being made only by means of a
prospectus forming a part of the effective registration statement.
Copies of the final prospectus relating to the offering may be
obtained, when available, by contacting the following
underwriters:
Goldman Sachs & Co. LLC Prospectus Department 200 West
Street New York, NY 10282, United States Tel: +1 (866) 471-2526
Email: prospectus-ny@ny.email.gs.com
BofA Securities, Inc. Prospectus Department NC1-004-03-43 200
North College Street, 3rd floor Charlotte NC 28255-0001 Tel: +1 800
294 1322 Email: dg.prospectus_requests@bofa.com
UBS Securities LLC Prospectus Department 1285 Avenue of the
Americas, New York New York 10019, United States Tel: +1 888 827
7275 Email: ol-prospectus-request@ubs.com
HSBC Securities (USA) Inc. Prospectus Department 452 Fifth
Avenue, T8, New York NY, 10018, United States Tel: +1 877 429 7459
Email: ny.equity.syndicate@us.hsbc.com
China PA Securities (Hong Kong) Company Limited GCM Department
Units 3601, 07 & 11-13, 36/F, The Center, 99 Queen’s Road
Central, Hong Kong Tel: +852 3762 9778 Email:
pub_prospectus@pingan.com
Morgan Stanley & Co. LLC Prospectus Department Room 214, 180
Varick Street New York, NY 10014, United States Tel: +1 866 718
1649
CLSA Limited 18/F, One Pacific Place, 88 Queensway Hong Kong
Tel: +852 2600 8888
Jefferies LLC Equity Syndicate Prospectus Department 520 Madison
Avenue, 2nd Floor New York, NY 10022, United States Tel: +1 877 821
7388 Email: prospectus_department@jefferies.com
Forward-looking Statements
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements. Statements
that are not historical facts, including statements about Lufax’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in Lufax’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and Lufax does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
About Lufax Holding Ltd
Lufax Holding Ltd is a leading technology-empowered personal
financial services platform in China. Lufax Holding Ltd primarily
utilizes its customer-centric product offerings and
offline-to-online channels to provide retail credit facilitation
services to small business owners and salaried workers in China as
well as tailor-made wealth management solutions to China’s rapidly
growing middle class. The Company has implemented a unique,
capital-light, hub-and-spoke business model combining purpose-built
technology applications, extensive data, and financial services
expertise to effectively facilitate the right products to the right
customers.
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version on businesswire.com: https://www.businesswire.com/news/home/20201030005304/en/
For investor inquiries, please contact: Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR Inc. Jack Wang Tel: +1 (646) 308-0546 Email:
lufax.ir@icrinc.com
For media inquiries, please contact: Lufax Holding Ltd
Email: YUXIYUAN925@lu.com
Edmond Lococo Tel: +86 138-1079-1408 Email:
ICRAsiaPR@icrinc.com
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