Fangdd Network (DUO) Prices 11.43M Share Offering at $0.70/sh

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Go back to Fangdd Network (DUO) Prices 11.43M Share Offering at $0.70/sh

FangDD Announces US$8.0 Million Registered Direct Offering

July 17, 2023 9:00 AM EDT

SHENZHEN, China, July 17, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (FangDD or the Company), a customer-oriented PropTech company in China, today announced that it has entered into a securities purchase agreement (the Purchase Agreement) with certain investors for the issuance and sale by the Company in a registered direct offering of 11,428,565 American Depositary Shares, or ADSs, at a purchase price of US$0.70 per ADS, and regular warrants to purchase up to an aggregate of 11,428,565 ADSs.

Maxim Group, LLC is acting as the sole placement agent in connection... More