KE Holdings Inc. Announces Pricing of Follow-on Public Offering of American Depositary Shares
November 19 2020 - 8:00AM
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 the pricing of its
underwritten follow-on offering of 35,400,000 American Depositary
Shares (“ADSs”), each representing three Class A ordinary shares of
the Company, at a public offering price of US$58.00 per ADS. The
underwriters will have a 30-day option to purchase up to an
aggregate of 5,310,000 additional ADSs from the Company. The
offering is expected to close on November 23, 2020, subject to
customary closing conditions.
The Company expects to use the net proceeds from the proposed
offering for broadening its service offerings, expansion into new
growth 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.
This offering is being made only by means of a written
prospectus forming a part of the effective registration statement.
A copy of the prospectus related to this offering may be obtained
by contacting (i) Goldman Sachs & Co. LLC, Attention:
Prospectus Department, 200 West Street, New York, NY 10282-2198,
United States, or by calling +1-212-902-1171, or by email at
prospectus-ny@ny.email.gs.com; (ii) Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, United States, or by calling +1-917-606-8487, or by
email at prospectus@morganstanley.com; (iii) J.P. Morgan Securities
LLC, Attention: Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 or by calling +1-866-803-9204, or by
email at prospectus-eq_fi@jpmchase.com; and (iv) China Renaissance
Securities (Hong Kong) Limited, Attention: ECM, Units 8107-08,
Level 81, International Commerce Centre, 1 Austin Road West,
Kowloon, Hong Kong or by calling +852 2287 1600, or by email at
dl-crsyndicate@chinarenaissance.com.
Registration statements relating to these securities have been
declared effective by the U.S. Securities and Exchange Commission
(the "SEC"). 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/20201119005797/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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