Beike Intends to Raise USD 2.12 Billion in US IPO
The Chinese online real estate platform Beike, backed by Tencent and Softbank Group, claimed that it plans to set the price at USD 20 per share in US IPO. It had previously sold 106 million American Depositary Shares, with a recommendation range of USD 17-19 per share.
At USD 20 per share, Beike will raise USD 2.12 billion. This is the largest IPO of a Chinese company in the United States after iQiyi’s IPO since March 2018.
This text is a result of machine translation.
Related companies：
Briefing Yesterday 09:58 PM
· Consumer Discretionary
Fluent in English, received the privatization offer from the founder $1.13 per common share
Briefing Updated 9 hours ago
· Consumer Discretionary
Chen Xiangdong, CEO of gaotu, responded to layoffs: online education will reduce class time by 70%, and the adjustment of the company's organizational structure is inevitable
In depth
Dec 09, 2020 09:53 AM
Research
Healthcare, Industrials, FinancialsTech for Global, Globalization Footprints of the Established and the New
May 29, 2020 08:30 PM
Research
Healthcare, Industrials, FinancialsLow-Carbon Industry Expansion - Key Studies From Chinese Companies
May 28, 2020 12:40 PM
Apr 19, 2020 03:12 PM
Briefing Updated 21 hours ago
· Consumer Discretionary
Zhonggai online education sector fell
Briefing Dec 30, 2020 04:39 PM
· Consumer Discretionary
Haili has won several technological innovation awards in succession, leading the technological transformation of the housing industry
Insight
Financials
China's Fintech: 6 Listed Firms Giving Access to Asia's Most Vibrant Ecosystem
Together with Tellimer – a global technology, information, and data provider with over 20 years' experience in financial markets – we highlight six innovative players operating across a broad swathe of the fintech landscape.
May 21, 2021 06:33 PM
Briefing Aug 14, 2020 11:48 AM
· Consumer Discretionary
Beike's Stock Price Soars 87.2% on the First Day of Listing
Briefing Aug 13, 2020 10:46 PM
· Real Estate
Beike Stock Surged 87% on the First Day of Listing
In depth
In depth
Real Estate
Beike, China's Answer to Zillow + MLS: Long-Termism of a Pioneering RE Platform
Amid controversy and rising trade tensions, Beike is taking its next steps to bring revolution to the RE brokerage scene. International IPO potential and expansion are two current motifs for the Real Estate prodigy.
Jul 22, 2020 10:10 AM
Briefing Jul 27, 2020 02:54 PM
· Real Estate
China's MLS Beike Says Beijing Second-Hand RE is Recovering For Six Weeks
See more
Read next
Automotive · Analysis
NIO Sprints Back into Growth Mode – and There Is No Regulatory Risk Thus Far
Yesterday 10:55 AM
In depth
Consumer Staples
Farmmi: A Chinese Agriculture Brand Set to Capitalize on New Wellness Trends
Aug 02, 2021 10:47 AM
Automotive · Analysis
2022 Might Be a Winning Year for Xpeng – and the Stock Is Finally Fairly Priced Now
Jul 29, 2021 04:01 PM
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.