Ticker LaunchIPO · QK
XChange TEC.INC
Formerly FLJ Group Ltd; Q&K INTERNATIONAL GROUP Ltd
XChange TEC.INC (QK) priced its initial public offering on Nov 6, 2019 at $17.00 per share, raising $45.9M. At the IPO price its market capitalization was about $24.21B. CICC was lead-left underwriter. Cleary Gottlieb, Conyers Dill & Pearman and JunHe advised the company and Simpson Thacher and Zhong Lun advised the underwriters.
At its 2019 IPO, the company now named XChange TEC.INC was a technology-driven long-term apartment rental platform in China, leasing apartments from landlords and converting them into standardized furnished rooms for young urban residents.
- Status
- IPO
- Ticker
- QK
- Priced
- Nov 6, 2019
- IPO price
- $17.00
- Raised
- $45.9M
- Market cap at IPO price
- $24.21B
- First filed
- Oct 7, 2019
- Underwriters
- CICC
- Company counsel
- Cleary Gottlieb, Conyers Dill & Pearman and JunHe
- Underwriters' counsel
- Simpson Thacher and Zhong Lun
- Sector
- Financials
- 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.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
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Filings
- Registration statement (F-1) first filed Oct 7, 2019
- Latest amendment Nov 1, 2019
- Final prospectus (424B4) Nov 6, 2019
- All filings on EDGAR CIK 1769256
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