trending Market Intelligence /marketintelligence/en/news-insights/trending/knxTRgoaz44uFVCTzV7XKg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

China's OneConnect Financial Technology to raise US$358.8M in US IPO

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

China's OneConnect Financial Technology to raise US$358.8M in US IPO

China's OneConnect Financial Technology Co. Ltd. priced its IPO of 31.2 million American depositary shares at $10 per ADS.

Each ADS represents 3 ordinary shares of OneConnect Financial. The company is expected to raise gross proceeds of about US$358.8 million if the underwriters exercise their overallotment option to buy up to an additional 4,680,000 shares in full, according to a Dec. 12 release.

OneConnect Financial's shares are scheduled to be listed on the New York Stock Exchange, with trading to begin Dec. 13 under the symbol OCFT. The offering is expected to close Dec. 17, subject to customary closing conditions.

Morgan Stanley & Co. LLC, Goldman Sachs (Asia) LLC, J.P. Morgan Securities LLC and Ping An of China Securities (Hong Kong) Co. Ltd. are acting as active joint book runners and as representatives of the underwriters. BofA Securities Inc. and HSBC Securities (USA) Inc. are acting as passive joint book runners and representatives of the underwriters. CLSA Ltd. and KeyBanc Capital Markets Inc. are acting as co-managers for the IPO.

The financial technology unit of Ping An Insurance (Group) Co. of China Ltd. previously revised the indicative price range for the IPO to between US$9 per share to US$10 per share from its initial range of US$12 per share to US$14 per share. The company also cut the offering size to 26 million ADSs from 36 million ADSs, excluding the overallotment options.