Ping An Insurance has confirmed plans to list technology solutions provider OneConnect, major fintech firm Lufax and Ping An HealthKonnect "when the timing is right", according to Ping An co-CEO Jessica Tan Sin-yin. She said a listing venue had not been selected and there was no timetable for the unicorns' IPOs. The company also announced that it would be raising its minimum investment requirement from $500,000 to $1 million.
Ping An Insurance has confirmed plans to list technology solutions provider OneConnect, major fintech firm Lufax and Ping An HealthKonnect "when the timing is right", according to Ping An co-CEO Jessica Tan Sin-yin. She said a listing venue had not been selected and there was no timetable for the unicorns' IPOs. Ping An plans to invest CNY10bn ($1.42bn) to expand its technology businesses during 2019.