SoftBank-backed Beike shares surge in NY debut after raising $2.12b in IPO

SoftBank-backed Beike shares surge in NY debut after raising $2.12b in IPO

Zuo Hui, chairman of Beijing-based real-estate brokerage platform Beike Zhaofang. Source: Beike Zhaofang official Weibo account

Shares of SoftBank-backed KE Holdings Inc jumped 75% in their New York debut on Thursday, after the Chinese online real estate broker raised $2.12 billion in its initial public offering that was priced above its earlier target range.