How to invest in Lufax's IPO

Lufax (Shanghai Lujiazui International Financial Asset Exchange Co., Ltd.), an online finance marketplace headquartered in Shanghai, is planning to launch an IPO in the US stock market, according to CNBC. With Passfolio Securities, you will be able to sell or buy Lufax stocks, all with no commission fees and using your local currency


Find out how to invest in Lufax IPO below and sign up for Passfolio.

¹ Please see our fractional shares disclosure.

How to invest in Lufax's IPO

Lufax (Shanghai Lujiazui International Financial Asset Exchange Co., Ltd.), an online finance marketplace headquartered in Shanghai, is planning to launch an IPO in the US stock market, according to CNBC. With Passfolio Securities, you will be able to sell or buy Lufax stocks, all with no commission fees and using your local currency


Find out how to invest in Lufax IPO below and sign up for Passfolio.

¹ Please see our fractional shares disclosure.

Lufax IPO

Founded in September 2011, Lufax initially started as a peer-to-peer lending service, but is now expanding its scope of financial products by working along with insurance companies, funds and financial licence holders. According to the Wall Street Journal, by 2015 the company had arranged over 200,000 peer-to-peer loans, worth a total of $2.5 billion.

According to CNBC, the Chinese fintech giant Lufax will issue 175,000,000 American depositary shares (ADS), being valued at about US$2.36 billion. The company plans to get listed on the New York Stock Exchange (NYSE) under the ticker “LU”.

If you are interested in selling or buying Lufax stock when it becomes available, you will be able to do so with the Passfolio app. You won’t need thousands of dollars to do it - you can start with only $1, because we let our users purchase fractional shares!²

² Please see our fractional shares disclosure.

Invest in Lufax

If you want to invest in Lufax stocks in the US with no commission fees, you can use Passfolio for that.¹ Check out the step by step below!

³ Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.

That's right, you don't pay commission fees to invest in Lufax with Passfolio

Simply follow the steps below:

Create your account

Click here to sign up for Passfolio today and create your account by sending us some basic information about you. It only takes 5 minutes!

1

Download the app

After signing up, download the Passfolio app on the App Store or Google Play. All your investments can be managed from the palm of your hand.

2

Add funds

You can deposit just $100 to start. We accept deposits via wire transfers, TED, Remessa Online or other methods.

3

Start investing

After Lufax’s IPO, search for "Lufax" in the app and trade as you wish! You can buy or sell Lufax shares starting with just $1.²

4

Simply follow the steps below:

1

Create your account

Click here to sign up for Passfolio today and create your account by sending us some basic information about you. It only takes 5 minutes!

2

Download the app

After signing up, download the Passfolio app on the App Store or Google Play. All your investments can be managed from the palm of your hand.

3

Add funds

You can deposit just $100 to start. We accept deposits via wire transfers, TED, RemessaOnline or other methods.

4

Start investing

After Lufax’s IPO, search for "Lufax" in the app and trade as you wish! You can buy or sell Lufax shares starting with just $1.²