Why Shares of KE Holdings Are Falling Today
Shares of KE Holdings (NYSE: BEKE), the largest real estate platform in China, traded as much as 15% lower at one point today for no obvious reason.
KE Holdings operates China's leading real estate brokerage brand and has been around for about two decades. Last August, the company went public, pricing its initial public offering at about $20 per share. Today, the company currently trades for $46.58.
Investors have been excited about KE's online platform called Beike that pairs homebuyers with renters, and the company has been compared to the U.S. real estate brokerage Redfin (NASDAQ: RDFN).
Source Fool.com
