Online property brokerage Beike Zhaofang plans to raise up to $3 billion in what would be the largest listing of a Chinese company in the U.S. in more than two years
Beike Zhaofang, a Chinese online property brokerage backed by SoftBank Group Corp., is planning to raise up to $3 billion in an initial public offering in the coming months, according to people familiar with the matter, in what would be the largest listing of a Chinese company in the U.S. in more than two years.
Beike, which means seashell in Mandarin, was valued at slightly more than $14 billion after raising $1 billion in November 2019 from SoftBank and another $500 million from private-equity firm Hillhouse Capital Group,...
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