Juwai ASX list nearing as Brexit lifts search activity

Chinese real-estate portal Juwai has completed a $10 million pre-initial public offering raising, as it heads to an ASX float late this year.

The latest raising was supported by local and Hong Kong-based institutional investors and high net worth individuals.

Juwai connects Chinese property buyers with sellers in other parts of the world.

The Australian Financial Review says it is aiming to raise about $30 million for its run at the ASX.  

Brokers Baillieu Holst and Evans & Partners managed the pre-IPO raising of convertible notes to investors.  

The notes will convert into shares on listing.

The South China Morning Post reported today that Charles Pittar, the CEO of Juwai.com said Brexit helped push a 100 per cent, week-on-week increase in consumer enquiries for UK property during the week of the vote.