OneConnect Completes its dual primary listing on the HKEx
2022-07-08

On July 4, 2022, OneConnect Financial Technology Co., Ltd.  ("OneConnect", stock code: 6638.HK) was successfully listed on the HKEx by way of introduction, becoming the first business technology service provider to return to HKEx by way of dual primary listing. Previously, OneConnect has been listed on the New York Stock Exchange (NYSE: OCFT) in December 2019. On the first day of listing, OneConnect opened at HK$5.3 per share, with an intraday high of HK$5.5 per share and a total market capitalization of HK$6.3 billion.

OneConnect is a leading provider of technology services across the financial industry chain in China, offering cloud-based services for financial technology solutions by combining financial software services expertise with market-leading technology.

For this dual primary listing, Goldman Sachs and HSBC acted as joint sponsors.

PwC LLP as the audit team.

Haiwen & Partners and Cleary Gottlieb Steen & Hamilton advised the issuer for PRC law and Hong Kong & U.S. law respectively. Grandall Law Firm and Clifford Chance LLP advised the joint sponsors for PRC law and Hong Kong & U.S. law respectively.

CIC acted as industry advisor.