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.
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