Shares of KE, also known as Beike Zhaofang, opened at US$35.06 per American depositary share , compared to its IPO price of US$20 per ADS. — Reuters pic
The company, which owns property brokerage brand Lianjia and housing transactions platform Beike, said earlier yesterday it sold 106 million ADSs for US$20 each. KE's share sale is the largest IPO of a Chinese company since March 2018, when video streaming site iQiyi raised US$2.4 billion from its US listing.
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