Skadden, Davis Polk and Han Kun advise on KE Holdings’ $2.12 billion IPO on NYSE

Skadden, Arps Slate Meagher & Flom and Han Kun Law Offices have advised China’s largest housing platform KE Holdings on its $2.12 billion NYSE IPO, with Davis Polk & Wardwell and Jingtian & Gongcheng advising the underwriters.

According to Davis Polk, this is the largest US IPO by a Chinese issuer since April 2018 and the second-largest US IPO (excluding SPACs) to date in 2020.

Founded in 2001, KE Holdings is a Chinese online housing transaction platform backed by SoftBank Group and Tencent Holdings. The company is the operator of property listings website Beike Zhaofang and real estate brokerage brand Lianjia.

The Han Kun team was led by partners Yijun Chao, Jiaxin Liu and Jin Wang.