Futu News reported on August 10, China Housing Service's first stock$seashell (BEKE.US) $Currently, the IPO is in full swing. It is expected that the subscription will close at 19:00 Beijing time this Wednesday (August 12), and officially land on the New York Stock Exchange this Thursday.

It is worth noting that as of 21:00 on August 10th,The number of people who have subscribed to shells through Futu Securities has exceeded 18,000.

According to reports, Shell Real Estate officially submitted an IPO application to the New York Stock Exchange in the US on July 24. The stock code is “BEKE.” Goldman Sachs, Morgan Stanley, Huaxing Capital, and J.P. Morgan Chase acted as underwriters for this IPO.

According to the prospectus disclosed by Shell's listing, Shell House Search was founded out of Chainjia, the largest real estate brokerage giant in China, and has been deeply involved in the real estate brokerage field for 18 years. According to the prospectus, Shell Group owns two major platforms, Shell and Chainjia. In 2019, Shell Group's total real estate and rental transactions (GTV) reached 2.1 trillion dollars.

In terms of financial data, Shell's housing search achieved revenue of 28.6 billion yuan in 2018, and increased 60.6% year-on-year to 46 billion yuan in 2019. Among them, revenue from second-hand housing transactions in 2019 was RMB 24.57 billion, and revenue from new housing transactions was RMB 20.07 billion.

Reminder: Shell subscriptions are popular, and there may be situations where the winning rate is low or not won. It is recommended that you subscribe moderately, taking into account personal idle funds.