By Sneh Susmit
Venture capital investors selling their stakes include IDG Ventures, SAP Ventures and Ascent Capital.
It will sell the stake to its controlling shareholder.
Last year witnessed record levels of QIP activity, driven by the financial services sector.
PV Oil, a PetroVietnam subsidiary, plans to offer 20% of its shares in an IPO on January 25, and another 44.72% stake to strategic investors through a private placement.
Up until early last year, China was the most active market for bitcoin trading on exchanges.
The latest deal will boost PSE’s stake in PDS Holdings to 61.03 percent.
Lufax’s would be the second mega fintech share offering in Hong Kong after ZhongAn Online Property & Casualty Insurance, which raised $1.5 billion in September.
Credit Suisse and Deutsche Bank have also been chosen to work on the IPO that could see the company target a valuation of as much as $100b.
South Korea said its plans had not yet been finalised as government agencies were still in talks to decide how to regulate the cryptocurrency market.
A spin-off – potentially the biggest IPO by a Japanese company in nearly two decades – would give SoftBank’s wireless unit more autonomy.