Baidu remains the largest investor in the home renovation marketplace, which went public with a $748m market cap.
Qeeka Home, a China-based home design services platform backed by internet group Baidu, raised HK$1.07bn ($137m) when it floated in Hong Kong today.
The company priced its shares at HK$4.85 each, below the initial public offering’s HK$6.80 to HK$9.00 range, giving it a market capitalisation of $748m. Goldman Sachs (Asia) and CLSA Capital Markets are the underwriters for the offering.
Founded in 2007, Qeeka Home is the owner of Qijia, which claims to be China’s largest online home design…
