Investors lap up E-House IPO

Despite turbulent markets, the China-centric real estate broker raises $201 million after pricing its shares 2% above the top of the range.

ChinaƆs real estate broker E-House garnered solid demand for its US initial public offering, despite the ups and downs the market experienced during the course of the bookbuild, enabling it to price at $13.80.

E-House launched its roadshow on July 24, when the Dow Jones Industrial Average was going strong at about 13,700 points. Nervousness triggered a selldown from July 26 onwards and the index went as low as 13,182 on August 3. It bounced back this week, closing at...

To continue reading, please login or register for free

Click for more on: ehouse | credit suisse | merrill lynch

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...