01:02 PM EST, 12/09/2024 (MT Newswires) -- Fangdd Network ( DUO ) priced the sale of class A common shares at $0.7 per share for $7 million in a registered direct offering, the company said Monday.

The offering is expected to close Tuesday. Net proceeds will be allocated for general corporate purposes, it added.

The company's shares were up nearly 61% in recent trading.

Price: 0.93, Change: +0.35, Percent Change: +60.67