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China Daily | Updated: 2019-10-09 08:01
Q&K International Group plans US float
Q&K International Group, which operates a long-term apartment rental platform in China, filed on Monday for an initial public offering (IPO) on the US stock market. The company plans to raise up to $100 million, according to its prospectus filed with the US Securities and Exchange Commission. Morgan Stanley and China International Capital Corp Ltd (CICC) are the joint bookrunners on the deal. No pricing terms were disclosed. Founded in 2012, the Shanghai-based company booked $130.8 million in net revenue for the nine months ended June 30, 2019, showed its prospectus.
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