Ping An unit said to prepare for up to $3b Hong Kong IPO

Ping An unit said to prepare for up to $3b Hong Kong IPO

Ping An sign board. Photo: Bloomberg

Ping An Insurance (Group) Co., China’s largest insurer by market value, is starting preparations for an initial public offering of its OneConnect financial management portal that could raise as much as $3 billion, people with knowledge of the matter said.

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