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QuestionsCategory: Investor PsychologyOpinion on Ant, Lufax and Didi Chuxing
Theodore Tan asked 1 year ago

 Hi Victor,
Wondering if you have any input on this
Ant, Ping An’s Lufax & Didi Chuxing (Both Alibaba & Tencent are shareholders) are planning for listing as well.
https://www.bloomberg.com/news/articles/2020-07-22/china-s-lufax-seeks-a-u-s-ipo-as-early-as-2020-reuters-says
https://www.caixinglobal.com/2020-07-21/exclusive-didi-rides-toward-hong-kong-ipo-source-says-101582712.html
Bloomberg (https://www.bloomberg.com/news/articles/2020-07-22/china-s-lufax-seeks-a-u-s-ipo-as-early-as-2020-reuters-says)
Fintech Firm Lufax Is Said to Target $3 Billion in U.S. IPO
Chinese fintech giant Lufax, backed by Ping An Insurance Group Co., is targeting to raise at least $3 billion in a U.S. initial public offering, according to people familiar with the matter.

2 Answers
Jieren Zheng answered 1 year ago

I am rather interested in them too but I would expect valuations to be stretched (no one will sell their good subsidiaries to you for cheap).

Probably need some time to dig into their numbers too.

Theodore Tan replied 1 year ago

I think DiDi is losing money and I read that they are IPOing so that investors can cash out their money. It doesn’t sound v safe to me

Victor Chng answered 1 year ago

Hi Theodore, 
 
We have not analyse any of them so I don;t have much input.