Online real estate marketplace Fangdd has filed for a $150m initial public offering that would allow Shanying International to exit.

Fangdd Network Technology, a China-based online real estate portal backed by paper manufacturer Shanying International, filed for a $150m initial public offering on the Nasdaq Global Market on Tuesday. Founded in 2011, Fangdd operates an online property database that lists more than 130 million homes for sale or rent across China. It has also built…

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