Ping An unit OneConnect said to prefer New York over Hong Kong for IPO

Ping An unit OneConnect said to prefer New York over Hong Kong for IPO

Pedestrians pass in front of the New York Stock Exchange. Photographer: Michael Nagle/Bloomberg

Ping An Insurance’s OneConnect financial technology unit is leaning toward picking New York over Hong Kong for its initial public offering (IPO) in the hope of achieving a higher valuation, three people with direct knowledge of the matter said.

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