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Finance

Chinese finance platform Lufax files for US IPO of up to $3bn

Investors snap up shares in KE Holdings, biggest such offering since 2018

HONG KONG -- Chinese online wealth management portal Lufax has filed a confidential prospectus to raise up to $3 billion in a U.S. initial public offering, joining a line of hopefuls looking to raise capital in the world's largest economy before a new rule effectively shuts off the funding channel.

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