Juwai.com to float

Juwai.com to float
Juwai.com to float

Juwai.com, China's biggest international real estate portal, is seeking an initial public offering as early as this year, according to Bloomberg.

The firm was raising funds from institutional investors and strategic partners before selling shares in a public offering at the end of the year or in early 2017, Juwai chief executive Charles Pittar said in Tokyo on Friday. 

Juwai, which is based in Hong Kong and Shanghai, has two million unique visitors per month and means "Living Abroad".

It connects Chinese buyers with brokers overseas through 2.5 million listings on its website.

The company was founded by Australians Andrew Taylor and Simon Henry. The Australian reported its investors have included Simon Clausen.

Last year, Juwai reported unique users were up nearly 70 percent to 2.5 million a month.

Its property listings more than doubled to 4.5 million across 60 countries. 

Juwai's users have a budget of $US2.6 million ($3.4 million) on average, the company's presentation materials say, though typically looking for homes ranging in price from $US500,000 to $US1.5 million.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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