SoftBank-backed KE Holdings shares surge in New York debut
REUTERS: Shares of SoftBank-backed KE Holdings Inc jumped 75per cent in their New York debut on Thursday, after the Chinese online real estate broker raised US$2.12 billion in its initial public offering that was priced above its earlier target range.
Shares of KE, also known as Beike Zhaofang, opened at US$35.06 per American depositary share (ADS), compared to its IPO price of US$20 per ADS.
Advertisement
Advertisement
The company, which owns property brokerage brand Lianjia and housing tra…
