Anjuke, a China-based property listing service backed by multiple corporate investors, has filed for an initial public offering on the Hong Kong Stock Exchange.
BofA Securities, CICC and Credit Suisse have been appointed lead underwriters for the offering, while the size and schedule are as yet undisclosed.
Founded in 2007, Anjuke provides an online platform that helps users identify properties and real estate brokers across its home country. It became a subsidiary of e-commerce group 58.com in 2015 when it received $160m in cash and transferred 5.1 million shares to the latter.
The company most recently raised $250m, from property developers Agile Group Holdings, Chinachem Group, China State Construction Land (CSC Land), Country Garden, Henderson Land Development, New World Development (NWD), Sun Hung Kai Properties (SHKP) and Times Property last month.
58.com remains the largest Anjuke shareholder, with a 45.3% stake, followed by Tencent Mobility, a subsidiary of internet company Tencent, with 14.1%, and Nihao Haven Corporation, a vehicle for Ajuke chairman Jinbo Yao, with 8.5%.
After acquiring Anjuke, then New York-listed 58.com went private through a merger with Quantum Bloom in 2020, in a transaction backed by growth equity firm General Atlantic and private equity firm Warburg Pincus valuing it at $8.7bn.
Anjuke had previously been backed by internet company Baidu, when the corporate led its $50m series D in 2011.
