Chinese wealth management giant, Lufax has filed to go public on the New York Stock Exchange. Lufax, backed by financial giant Ping An Insurance Group, aims to raise about US$3 billion in its initial public offering (IPO), which could take place as soon as the end of October. However, the size of the offering has yet to be disclosed and will be subject to Lufax’s valuation. Goldman Sachs, BofA Securities, UBS, HSBC and China PA Securities are the lead underwriters on the deal. Lufax was valued at US$39.4 billion in a funding round in early 2019.