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Access here alternative investment news about Ping An-backed Lufax Raises $1.3B At Lower Valuation: Sources | Reuters
Private Equity

Ping An-backed Lufax Raises $1.3B At Lower Valuation: Sources | Reuters

by reuters.com posted 10months ago 39 views
* Fundraising values Lufax at $38 bln prior to closing -sources. : HONG KONG (Reuters) - Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told Reuters. The fundraising values Lufax, set up in 2011 by top insurer Ping An Insurance Group Co of China Ltd, at $38 billion prior to closing, the people said.

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