OneConnect Financial Technology, the Ping An-and Vision Fund-backed fintech SaaS provider, has filed for a U.S. IPO, the Block reports.
The Shenzhen-based company develops various AI, blockchain, cloud, and biometrics solutions. It also operates the FiMAX blockchain, which was famously deployed by the Hong Kong Monetary Authority (HKMA) to create its DLT-based trade finance platform eTradeConnect.
Previous reports state that OneConnect was looking at New York over Hong Kong for its IPO due to potentially better valuations. It plans to be listed under the symbol OCFT and is looking to raise around $100 million.