KE Holdings Inc. Announces Proposed Follow-on Public Offering of American Depositary Shares
November 16 2020 - 4:09PM
Business Wire
KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE), a
leading integrated online and offline platform for housing
transactions and services, today announced that it intends to offer
and sell 35,400,000 American Depositary Shares (“ADSs”), each
representing three Class A ordinary shares of the Company, subject
to market and other conditions, in an underwritten public offering.
The underwriters will have a 30-day option to purchase up to an
aggregate of 5,310,000 additional ADSs from the Company.
The Company expects to use the net proceeds from the proposed
offering for broadening its service offerings, expansion into new
geographical areas and investment in its infrastructure, for
potential strategic opportunities that may strengthen its market
leadership and facilitate the development of its main businesses,
as well as for working capital and general corporate purposes.
Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. LLC, J.P.
Morgan Securities LLC, and China Renaissance Securities (Hong Kong)
Limited will act as the joint bookrunners for the proposed ADS
offering.
A preliminary prospectus related to the proposed ADS offering
has been filed with the SEC and is available on the SEC’s website
at www.sec.gov.
This announcement shall not constitute an offer to sell, or a
solicitation of an offer to buy, the securities described herein,
nor shall there be any offer, solicitation or sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About KE Holdings Inc.
KE Holdings Inc. is a leading integrated online and offline
platform for housing transactions and services. The Company is a
pioneer in building the industry infrastructure and standards in
China to reinvent how service providers and housing customers
efficiently navigate and consummate housing transactions, ranging
from existing and new home sales, home rentals, to home renovation,
real estate financial solutions, and other services. The Company
owns and operates Lianjia, China’s leading real estate brokerage
brand and an integral part of its Beike platform. With more than 19
years of operating experience through Lianjia since its inception
in 2001, the Company believes the success and proven track record
of Lianjia pave the way for it to build the industry infrastructure
and standards and drive the rapid and sustainable growth of
Beike.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about KE Holdings Inc.’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in KE
Holdings Inc.’s filings with the SEC. All information provided in
this press release is as of the date of this press release, and KE
Holdings Inc. does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201116006044/en/
For investor and media inquiries, please contact: In China: KE
Holdings Inc. Investor Relations Matthew Zhao Siting Li E-mail:
ir@ke.com The Piacente Group, Inc. Ross Warner Tel:
+86-10-6508-0677 E-mail: ke@tpg-ir.com In the United States: The
Piacente Group, Inc. Brandi Piacente Tel: +1-212-481-2050 E-mail:
ke@tpg-ir.com
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