China's Lufax falls 14% in New York debut after $2.36b IPO

China's Lufax falls 14% in New York debut after $2.36b IPO

Photo: Eric Prouzet/Unsplash

Shares of Lufax Holding Ltd, one of China’s largest online wealth management platforms, fell 14% in their debut on the New York Stock Exchange on Friday, after the company raised $2.36 billion in its initial public offering.

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