Tencent-backed online property site Beike seeks $2b in US IPO

Beike Zhaofang, a Chinese online property brokerage backed by Tencent Holdings and SoftBank Group, has filed to go public in New York in an offering that could be worth as much as $2 billion.

The company, valued at $14 billion by startup data service CB Insights, has already filed a confidential listing application with the U.S. Securities and Exchange Commission, according to two people familiar with the transaction.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter