Tencent is buying $160m of shares in the real estate platform's initial public offering, which also provides an exit for SoftBank Vision Fund.

KE Holdings, the China-based online estate agent also known as Beike, is going public today in a $2.12bn initial public offering in which internet group Tencent is investing $160m.

The offering consists of 106 million American depositary shares (ADSs), each equating to three ordinary shares, that will be issued on the New York Stock Exchange priced at $20.00 each. The price is above the $17 to $19 range the company set last week, valuing it at about $22.6bn.

Tencent…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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