Chinese SaaS-based online property marketplace Fangdd files for US IPO

Fangdd Network Group Ltd., a Chinese software as a service (SaaS)-enabled online real estate marketplace, has filed for an initial public offering (IPO) in the United States.

The company listed the size of the offering at $150 million, a placeholder amount likely to change, according to a filing with the US Securities and Exchange Commission. The company plans to float its shares on the Nasdaq Global Market under the symbol “DUO.”

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