In an interview on November 7, CEO Gregory Gibb of Lufax, China's largest P2P lender and wealth management platform, said he could envision an IPO to support worldwide expansion; he did not provide further details; reporting elsewhere claims that four banks have been selected to sponsor an IPO on the Hong Kong stock exchange; when Lufax raised US$1.2 billion in January, the company was valued at $18 billion; while the market as a whole is expected to grow between 30% and 40% in 2016, Gibb noted that increasing regulation of the industry in China should give added momentum to leaders like Lufax, which Gibb expects to grow "north of 50%" in the next year. Source
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[Editor’s note: This is a guest post and white paper from Lufax. Lufax is a gold sponsor and will be in attendance at LendIt...
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Today was mostly a travel day for the LendIt China tour attendees. We were able to visit the Jimubox office...
A couple of weeks from now Greg Gibb, the Chairman of Lufax, will be taking the main stage at LendIt...
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