
China property marketplace trades flat after $78m IPO

Chinese online real estate marketplace Fangdd Network raised $78 million in its US IPO, having reduced the size of the offering, and traded flat on its first day on NASDAQ.
The company sold six million American Depository Shares (ADS) – having planned to offer seven million – for $13.00 apiece. The pricing represented the bottom end of the indicative range, according...
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