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OneConnect has amended its initial public offering filing with the Securities and Exchange Commission and is now seeking to raise $500 million through a U.S. stock offering. So reports Cointelegraph.

OneConnect is a fintech subsidiary of Chinese insurance giant Ping An. The company claims its services “allow customers to increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs,” according to the article.

Read the full article from Cointelegraph.

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