Eggshell Apartment listed on New York Stock Exchange

2020-01-18 10:48:39Beijing News Reporter: Zhang Jian Editor: Wu Xin
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Eggshell apartment listed on New York Stock Exchange

2020-01-18 10:48:39Beijing News Reporter: Zhang Jian

Beijing News (Reporter Zhang Jian) ​​At 9:30 am on January 17, 2020, Eastern Time, China ’s Internet long-term rental apartment operator Eggshell Apartment successfully landed on the New York Stock Exchange, with the stock code “DNK”, becoming 2020 Listed on the New York Stock Exchange. According to the issue price, after the underwriters exercised the over-allotment right, the eggshell apartment raised a total of over 149 million US dollars, with a market value of up to 2.74 billion US dollars.

From the establishment in early 2015 to the official listing of the New York Stock Exchange, it took five years for Eggshell Apartments. Gao Jing, co-founder and CEO of Eggshell Apartment, said that Eggshell Apartment has been committed to transforming the traditional housing rental industry with the Internet. For Eggshell Apartment, listing is both a summary of the hard work of the past five years and a brand new one. From the beginning, there are still many things that eggshell can do. It will continue to cultivate the housing rental market and make services better through refined operations.

At the same time, Eggshell Apartment disclosed the company’s five major strategies in the future, namely to continue to strengthen its technological strength, further expand its scale, continue to enrich and expand its products and services, increase brand recognition and industry influence, and consolidate and expand its ecosystem.

It is understood that eggshell apartment products mainly include white-collar scattered apartments and blue-collar centralized apartments. As of November 30, 2019, eggshell apartments have entered 13 markets across the country, and the number of managed apartments has reached 437,200. Compared with the first year of establishment, the number of operating rooms has increased by 178 times.

As of June 30, 2019, several key indicators such as the tenant occupancy rate, tenant renewal rate, and landlord renewal rate of Eggshell Apartments ranked first in the industry. Reports from three authoritative institutions in the industry-Maidian Research Institute, Kerer and Ruirui think tanks, show that Eggshell Apartment ranks first in brand share among all shared living platforms in China. In terms of financial data, the total revenue of Eggshell Apartment in the first 10 months of 2019 was 5.713 billion yuan, an increase of 187% over the 1.92 billion yuan in the first 10 months of 2018.

Beijing News reporter Zhang Jian

Edit Wu Xin Proofreading Wu Xingfa

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