Leju Holdings, a Chinese online-to-offline real estate services and advertising platform, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise approximately $195 million by offering 17.7 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Leju Holdings would command a fully diluted market value of $1.6 billion.
Leju Holdings, which was founded in 2008 and booked $335 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol LEJU. It initially filed confidentially on January 21, 2014. Credit Suisse and J.P. Morgan are the joint bookrunners on the deal.
