PE-backed Fang.com spins out China property analytics business
Private equity-backed online real estate portal Fang.com has spun-out its property analytics and benchmarking system in what its CEO Yu Huang described as the first direct public offering (DPO) by a Chinese company in the US.
A total of 63.4 million American Depository Shares (ADS) in the new entity – China Index Holdings – were sold to existing investors in Fang Holdings, the parent of Fang.com. IDG Capital owns 15.2%...
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