Three firms advised Ping An Insurance’s fintech arm Lufax on its HKEX debut by introduction, a way for a company already on another exchange to list without issuing new shares or fundraising within six months.
Cleary Gottlieb Steen & Hamilton acted as Hong Kong and US counsel to the joint sponsors – JP Morgan, Morgan Stanley and UBS – and provided legal services to the designated dealer and the alternate designated dealer.
Zhong Lun Law Firm acted as PRC counsel to the joint sponsors, led by partners Anthony Zhao and William Jia, with support from partner Roy Zheng.
The company secured dual primary listing status in both Hong Kong and the US after its successful listing on the HKEX.
Lufax’s NYSE IPO in 2020 raised USD2.36 billion, representing the largest China stock listing and the most substantial fundraising fintech IPO in the US in the same year.
Read more about Dual Primary Listing
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