IFM Investments Limited, which provides real estate services and exclusively franchises the CENTURY 21 brand in China, announced terms for its IPO on Wednesday. The Beijing-based company plans to raise $162 million by offering 16.7 ADSs at a price range of $8.75- $10.75. At the mid-point of the proposed range, IFM Investments will command a market value of $404 million. The real estate company, which was founded in 2000 and booked $74 million in sales over the last 12 months, plans to list on the NYSE under the symbol CTC. Goldman Sachs, Morgan Stanley, and William Blair are the lead underwriters on the deal, which is expected to price before the end of January.
