REUTERS: Shares of SoftBank-backed KE Holdings Inc jumped 75per cent in their New York debut on Thursday, after the Chinese online real estate broker raised US$2.12 billion in its initial public offering that was priced above its earlier target range.
The company had aimed to sell each ADS, representing three class A ordinary shares, at between US$17 and US$19. 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 U.S. listing.The IPO comes at a time the U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards.
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