Chinese housing transaction platform KE Holdings lands on main board of HKEX
Published: May 11, 2022 02:19 PM Updated: May 11, 2022 02:16 PM
KE Holdings Photo: VCG
KE Holdings Photo: VCG

NYSE listed Chinese housing transaction and service platform KE Holdings Inc debuted on the main board of the Hong Kong Exchanges and Clearing (HKEX) on Wednesday at an initial price of HK$30 ($3.82) per share.

Analysts suggested that KE Holding's listing on HKEX was a "plan B" for preventing risk linked to a potential US' delisting as the company had been included on the pre-delisting list.

KE Holding's Gross Transaction Value reached 3.85 trillion yuan in 2021, representing a year-on-year increase of 10.2 percent, annual revenue reached 80.8 billion yuan, according to the company's 2021 annual report.

The share price of KE Holdings recorded a bump of 7.33 percent hitting HK $32.20 per share as of the close on Wednesday morning trading.

Global Times