Leju up modestly following IPO

LEJU priced its 10M-share IPO at $10, opened at $10.80, and is currently at $10.15, up 1.5%.

The Chinese real estate site/app owner is worth $1.34B. E-House (EJ -5.7%), which maintains a 76.3% stake post-IPO, is selling off. Tencent has a 16.1% post-IPO stake.

Prospectus, IPO preview

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