Ping An's financial technology spinoff, which also counts SoftBank Vision Fund and SBI as shareholders, has sold an additional $35.2m in shares in the offering.
OneConnect Financial Technology, the Singapore-based financial technology platform developer spun off by insurer Ping An, closed its initial public offering at approximately $347m today.
The company raised an initial $312m when it floated on the New York Stock Exchange last month, issuing 31.2 million American Depositary Shares (ADSs) priced at $10.00 each. Ping An itself subscribed for $10m of shares.
The extra capital represents the partial exercise of an over-allotment option that gave the underwriters 30 days to buy…
