Ping An said to prepare for IPO of fintech arm at $8b valuation

The Ping An Insurance Group Co. logo is displayed atop the Ping An International Financial Center (IFC) in Beijing, China, on Wednesday, Aug. 9 2017. Photographer: Qilai Shen/Bloomberg

Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about $8 billion, according to people familiar with the matter.

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