SoftBank-backed KE Holdings shares surge in New York debut

SoftBank-backed KE Holdings shares surge in New York debut

Malay Mail Online - Money·2020-08-14 15:03

Shares of KE, also known as Beike Zhaofang, opened at US$35.06 per American depositary share (ADS), compared to its IPO price of US$20 per ADS. — Reuters pic

NEW YORK, Aug 14 ― Shares of SoftBank-backed KE Holdings Inc jumped 75 per cent in their New York debut yesterday, after the Chinese online real estate broker raised US$2.12 billion (RM8.9 billion) in its initial public offering that was priced above its earlier target range.

……

Read full article on Malay Mail Online - Money

Business Stocks

Comments

Leave a comment in Nestia App