Fangdd Network Group, a Chinese online real estate marketplace, raised $78 million by offering 6 million ADSs at $13, the low end of the range of $13 to $15, to command a market value of $1.1 billion. The company offered 1 million fewer ADSs than anticipated. Fangdd Network Group plans to list on the Nasdaq under the symbol DUO. Morgan Stanley, Citi, UBS Investment Bank, CICC and AMTD Global Markets acted as lead managers on the deal.
