BEIJING, August 13 (TMTPOST) — KE Holdings, namely Beike Zhaofang, raised more than $2.1 billion on Thursday through its initial public offering (IPO) in NYSE under the symbol BEKE, making the largest IPO by a Chinese company on US exchanges since March, 2018, when iQiyi notched $2.4 billion. On the day of debut, Beike shares closed at $37.44, 87.20% higher than its offering price of $20.00 which was above its $17.00 to $20.00 price range. Including the over-allotment option, Beike raised about $2.44 billion, earning a total market value of $23.3 billion. According to IPO prospectus, Beike is China's largest online and offline housing transactions and services platform. As the company's major institution investors, Tencent and Softbank held the stake of 12.3% and 10.2% respectively prior to IPO.