SoftBank-backed KE Holdings raises $2.12 bln in U.S. listing – Reuters India
(Reuters) – SoftBank-backed Chinese owner of real estate platforms KE Holdings Inc BEKE.N on Thursday raised $2.12 billion in a U.S. initial public offering that was priced above the target range.
The company, which owns property brokerage brand Lianjia and housing transactions platform Beike, said it sold 106 million American depositary shares (ADS) for $20 each. bwnews.pr/33TNiLI
The company had aimed to sell each ADS that represented three class A ordinary shares at between $17 and $19.