Phoenix Tree Holdings Ltd

Phoenix Tree Holdings Ltd (DNK) priced its initial public offering on Jan 17, 2020 at $13.50 per share, and listed on NYSE. At the IPO price its market capitalization was about $21.33B. Citigroup was lead-left underwriter, joined by Credit Suisse, J.P. Morgan and US Tiger. Simpson Thacher, Maples and Calder and Haiwen & Partners advised the company and Latham & Watkins and Tian Yuan advised the underwriters.

Status

IPO

Ticker

DNK

Exchange

NYSE

Priced

Jan 17, 2020

IPO price

$13.50

Market cap at IPO price

$21.33B

First filed

Oct 28, 2019

Underwriters

Citigroup, Credit Suisse, J.P. Morgan and US Tiger

Company counsel

Simpson Thacher, Maples and Calder and Haiwen & Partners

Underwriters' counsel

Latham & Watkins and Tian Yuan

Sector

Real estate & finance

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.