March 12 Leju Holdings Ltd, a China-based
operator of real estate websites, filed with U.S. regulators on
Wednesday to raise up to $200 million in an initial public
offering of its common shares.
Leju, a unit of E-House China Holdings Ltd, offers
real estate e-commerce and online advertising and listing
services in China. The company also operates real estate and
home furnishing websites of SINA Corp and Baidu Inc
Credit Suisse, J.P. Morgan and China Renaissance are the
lead underwriters to the offering, Leju said in a filing to the
U.S. Securities and Exchange Commission. ()
Leju's revenue nearly doubled to $335.4 million in 2013 from
$171.3 million in 2012. The company had a profit of $42.7
million in 2013.
The filing did not say how many shares Leju planned to sell
or their expected price. The company said it planned to use the
proceeds from the IPO to expand into other markets and improve
its technology infrastructure.
Leju said it would list its American depositary shares on
the New York Stock Exchange under the symbol "LEJU."
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.
E-House said on Monday that Leju had entered into an
agreement with Tencent Holdings Ltd to jointly develop
software and tools for Tencent's messaging application, Weixin.