Chinese real estate platform KE Holdings files for a $1 billion US IPO

KE Holdings, China's largest housing transactions and services platform, filed on Friday with the SEC to raise up to $1.0 billion in an initial public offering.

The company's Beike platform is China's largest housing transactions and services platform and its second largest commerce platform across all industries by gross transaction value and housing transaction facilitated in 2019. As of June 30, 2020, its platform had over 260 real estate brokerage brands, over 42,000 community-centric stores, and over 456,000 agents across 103 cities in China.

The Beijing, China-based company was founded in 2001 and booked $6.4 billion in revenue for the 12 months ended March 31, 2020. It plans to list on the NYSE under the symbol BEKE. KE Holdings filed confidentially on April 24, 2020. Goldman Sachs, Morgan Stanley, China Renaissance, and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Chinese real estate platform KE Holdings files for a $1 billion US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest IPOs Videos

Club Revenue: How CFOs Can Prepare for IPO

Jan 03, 2022

Renaissance Capital

Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

Learn More