Skadden, Davis Polk advised on KE Holdings’ New York IPO
Skadden, Arps, Slate, Meagher & Flom and Han Kun Law Offices have advised China’s KE Holdings, which is backed by Tencent and Softbank, on its $2.12 billion NYSE IPO. Davis Polk & Wardwell and Jingtian & Gongcheng have advised the underwriters.
KE Holdings owns China's leading real estate brokerage brand Lianjia and housing transactions platform Beike, the country’s top integrated online and offline platform for housing transactions and services. This is the largest U.S. IPO by a Chinese issuer since March 2018, when Aiqiyi raised $2.42 billion through its Nasdaq IPO.
The Han Kun team was led by partners Chao Yijun, Liu Jiaxin and Wang Jin; the Davis Polk team was led by partners Li He and Howard Zhang. Maples and Calder provided offshore law advice.
Goldman Sachs, Morgan Stanley, China Renaissance Securities and JP Morgan were the underwriters on this IPO.
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