Chinese property marketplace unicorn Fangdd sets terms for $105m IPO

Photographer: Victor J. Blue/Bloomberg

Fangdd Network Group, a Chinese software as a service (SaaS)-enabled online real estate marketplace, has set the terms for its initial public offering (IPO) on the US stock market, with plans to raise up to $105 million at the midpoint of its proposed price range.

The Shenzhen-based company’s latest filing showed that it plans to offer 7 million American depositary shares (ADSs) at $13-15 apiece, with underwriters given the option to purchase an additional 1.05 million ADSs.

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