19 August 2019

E-House files for US IPO for real estate info unit, paper says

E-House (China) Holdings said Monday that it has filed a draft registration with the US Securities and Exchange Commission for an initial public offering of its real estate e-commerce platform unit, Global Times reported. The IPO of Leju Holdings Ltd, a wholly-owned subsidiary of E-House, will begin when market conditions are right, the company said, without giving a specific timetable. Leju has signed a cooperative agreement with Tencent, under which the two sides will jointly develop software and tools related to the operation of its mobile property e-commerce business, the report said. E-House (China) is already listed on the New York Stock Exchange. 

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