Leju (NYSE:LEJU), once a wholly-owned subsidiary of real estate service E-House (NYSE:EJ) and former property channel of Sina, got listed on the New York Stock Exchange for overall $100 million of funding this Thursday, the same day of Sina Weio’s debut on Nasdaq Capital Market. The company has filed for an US IPO this March.

Leju sought to raise as much as $194 million by selling 17.70 million shares for $10-$12 each, but only saw demand through underwriters for 11.50 million shares at the low end of the offer at $10 apiece.

Leju shares opened slightly higher at $10.80 and faded to below the initial offering price later. But the shares closed 18.6% higher at $11.86 per share on the first day of trading, sending the company’s total valuation to $1.42 billion.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.