China's Qingke trades up on debut after smaller than expected IPO
Q&K International Group, operator of China-based long-term apartment rentals platform Qingke, posted a marginal gain on its US trading debut after raising $45.9 million in an IPO priced at the bottom end of the indicative range.
The company, which is backed by the likes of Crescent Point, Morgan Stanley Private Equity Asia (MSPEA), and SAIF Partners, is the first Chinese business of its kind to test the international capital markets....
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