Lufax Holding Ltd. /zigman2/quotes/222210431/composite LU +6.91% said Friday it initial public offering priced at $13.50, as the China-based online lender small businesses and salaried workers raised $2.36 billion. The pricing was that the top of the expected range of between $11.50 to $13.50. The stock is currently indicated to open on the NYSE at around $12.00 to $13.00, or 11% to 3.7% below the IPO price. Goldman Sachs, BofA Securities, UBS Securities, HSBC Securities and China PA Securities are the joint bookrunners of the IPO. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.48% has rallied 17.8% over the past three months, while the iShares MSCI China ETF /zigman2/quotes/206267952/composite MCHI +2.02% has gained 8.4% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.49% has edged up 0.2%.