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.
