Ke takes home $2bn from rapid ECM return

By Rashmi Kumar
20 Nov 2020

Chinese housing-related platform operator Ke Holdings has raised $2.05bn from a fresh follow-on offering of its New York-listed shares, returning to the equity market less than three months after its IPO.

Ke sold 35.4m new American depositary shares this week at $58 each. There is also a greenshoe option of 5.31m shares, which would boost the fundraising proceeds to about $2.4bn if fully used.

China Renaissance Securities (Hong Kong), Goldman Sachs, JP Morgan and Morgan Stanley were the ...

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