KE Holdings’ shares almost doubled when they changed hands for the first time on the New York Stock Exchange as investors piled into the biggest initial public offering (IPO) by a Chinese company on a US bourse in more than two years.Its American depositary shares (ADS) fetched US$35.06 in opening trades, compared with its IPO price of US$20. This values China’s biggest online real estate transaction platform, better known at home as Beike Zhaofang, at just under US$40 billion, versus US$14…
Source : South China Morning Post
Read more…Beike Zhaofang stock surges on NYSE debut after solid IPO reception, shrugging off ‘external noise’ amid frayed US-China relations















