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Real estate services provider China Real Estate files for an IPO

September 30, 2009

China Real Estate, a spin-off of E-House China's real estate information and consulting services business, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering. The Shanghai-based company, which was founded in 2002 and booked $62 million in sales over the last 12 months, plans to list its ADSs on the NASDAQ under the symbol CRIC. Credit Suisse and UBS Investment Bank are the lead underwriters on the deal. Terms for the offering have yet to be announced.