Theodore Tan asked 2 years 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.
Jieren Zheng answered 2 years 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 2 years 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 2 years ago
Hi Theodore,
We have not analyse any of them so I don;t have much input.
Please login or Register to submit your answer