Chinese “seashell house-hunting” proptech firm makes huge splash on U.S. shores

Beike Zhaofang, the Beijing-based online real estate platform, hit the New York Stock Exchange on Aug. 13 with a gargantuan “pop” as they say on Wall Street — despite all tensions between the United States and China. Through its parent company KE Holdings, the Chinese housing intermediary backed by SoftBank sold 106 million shares at $20 each during its initial public offering, while first-day trading opened 75 percent above the offer price and would end

source https://therealdeal.com/2020/10/16/chinese-seashell-house-hunting-proptech-firm-makes-huge-splash-on-u-s-shores/