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The Chinese real-estate brokerage with an online tool to match buyers and sellers, as sites like Zillow and Redfin do in the U.S., is planning to IPO in the coming months according to people familiar with the matter, in what would be the largest listing of a Chinese company in the U.S. in more than two years.
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Beike, which means seashell in Mandarin, was valued at slightly more than $14 billion after raising $1 billion in November 2019 from SoftBank and another $500 million from private-equity firm Hillhouse Capital Group, social-media giant Tencent Holdings Ltd. and venture-capital firm Sequoia Capital. The two-year-old company is seeking a valuation of more than $20 billion at its IPO, according to one of the people.
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