China's Danke raises $130m in scaled back IPO
Chinese apartment rental platform Danke raised about $130 million in a smaller-than-expected US IPO that was primarily underwritten by existing private equity investors.
The company sold 9.6 million shares at $13.50 apiece, 5.4 million of which were purchased by existing backers Tiger Global Management, Joy Capital, and Ant Financial. There is an overallotment option of...
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