(Bloomberg) -- Beike Zhaofang, a Chinese online property brokerage backed by SoftBank Group Corp., is planning to raise $2 billion to $3 billion in a U.S. initial public offering in the coming months, Dow Jones reported, citing unidentified people familiar.
Firm hired Goldman Sachs Group Inc., China Renaissance Holdings Ltd. and Morgan Stanley as lead underwriters on the deal, the people said
Beijing-based company is seeking a valuation of more than $20 billion at its IPO, one of the people told DJ
Beike filed a confidential listing application with the U.S. Securities and Exchange Commission, and a public filing could come out as soon as this month, another person said
