Property News · August 8, 2020

Tencent-backed real estate platform Beike aims to raise US$2 billion in New York IPO even as US tightens noose around WeChat


KE Holdings, a Chinese online property platform backed by Tencent Holdings and SoftBank Group, is looking to raise about US$2 billion in a US initial public offering (IPO).Also known as Beike Zhaofang, the company is offering 106 million American depositary shares at US$17 to US$19 each, according to a filing with the US Securities and Exchange Commission on Friday. The company said the shares will represent three of its Class A ordinary shares.At US$2.01 billion at the top of that range, Beike…

Source : South China Morning Post
Read more…Tencent-backed real estate platform Beike aims to raise US billion in New York IPO even as US tightens noose around WeChat

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