Shenzhen's Fangdd lines up $500m US IPO

Investis property 230x150
By Christie Ou
21 Jan 2019

Online property agent Shenzhen Fangdd Network Technology is looking to raise up to $500m from a listing in the US, according to a banker close to the deal.

The company, which runs online real estate trading platform Fangdd.com, has filed confidentially for an IPO through lead banks Citi, Morgan Stanley and UBS. There is no clear timing yet on when the flotation will hit the market, said the banker.

That is not entirely surprising, given the

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