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China's Evergrande Group is preparing for an initial public offering of its online real estate and auto marketplace, Fangchebao, reports earlier this year said.
But the prospects remain far from certain as of mid-September. The parent company's Hong Kong listed stock was plunging amid reports of serious debt issues.
We'll update this page as new information becomes available.
What we know about the Evergrande Group IPO
Although nothing has been confirmed, Fangchebao, which is valued at about $22.92 billion, could list on the Nasdaq or another exchange, sources close to the deal have said.
Evergrande, one of China's largest developers, is looking to spin off multiple holdings as part of its plan to deal with debt.
How to buy shares in Evergrande Group when it goes public
Once Evergrande Group goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Finder's picks for buying Evergrande Group when it goes public
How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Evergrande Group can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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