When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SFUN - Fangdd's Online Real Estate Booms But Caution Remains
Fang Holdings Limited American Depositary Shares
Investment Thesis
Fangdd Network Group Ltd (Nasdaq: DUO) has submitted an amended F-1 filing on October 23 seeking to raise up to $105.00 million through an initial public offering ((IPO)) of 7.0 million American Depository Shares (ADSs) (175 million Class A ordinary shares) at the midpoint of the proposed price range of $13 - $15 per ADS share. The amended fundraising plan is lower than the targeted $150.00 million target when it first filed its original F-1 registration statement on October 08.
While overall revenues, and profitability, remain on a growth trajectory and impressive