Why it matters: Growth potential for branded apartment rentals is significant: the market penetration rate in China was only 1.8% in 2018, and is expected to reach 11.2% by 2024, according to figures from China Insights Consultancy cited in the prospectus. Market penetration in developed countries was 46.0% in contrast, according to the data.
Details: The company plans to price its shares at $17 to $19 apiece for its debut on Nasdaq, according to the filing.
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