Tencent-backed Chinese real estate platform Beike to raise US$2.12 billion after pricing US IPO above indicative range

• Strong investor demand helps Beike Zhaofang, the online property transaction platform backed by Tencent, to price IPO above target range, a person familiar says
• Beike Zhaofang’s US$2.12 billion IPO is biggest US IPO by a Chinese company since iQiyi in March 2018