SoftBank-backed OneConnect sees valuation tumble in U.S. IPO - sources
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NEW YORK/SYDNEY (Reuters) - Ping An Insurance Co's OneConnect Financial Technology is set to raise around $312 million (£243.18 million) in its U.S. initial public offering on Thursday, according to two people familiar with the matter.OneConnect is selling around 31.2 million American depositary shares (ADS) at $10 each. Earlier this month, it had aimed to sell 36 million ADS at a price range of $12 to $14 per share, but on Wednesday it lowered the range to $9 to $10 and set a goal of selling..