In this file photo the fearless girl statue and the New York Stock Exchange are pictured April 20, 2020 at Wall Street in New York City. SoftBank-backed Chinese owner of real estate platforms KE Holdings Inc today raised US$2.12 billion in a US initial public offering that was priced above the target range. — AFP pic
The company, which owns property brokerage brand Lianjia and housing transactions platform Beike, said it sold 106 million American depositary shares for US$20 each. Apart from SoftBank, KE counts Tencent Holdings, Hillhouse Capital and Sequoia Capital among its largest investors. It comes at a time when US capital markets are in the middle of a stellar recovery after the Covid-19 pandemic put several debuts on hold.
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