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Report: Q&K International Group launches US IPO

Chinese apartment rental platform Q&K International Group filed Oct. 7 for an initial public offering on the U.S. stock market and expects to raise up to US$100 million, XinhuaNet reported.

It plans to list on the Nasdaq under the ticker symbol QK, according to its prospectus filed with the U.S. Securities and Exchange Commission.

Pricing terms are yet to be announced. Morgan Stanley and China International Capital Corp. Ltd. are the joint book runners on the deal, the report said.

Q&K International Group recorded US$130.8 million in net revenue for the nine months ended June 30, the prospectus showed.