NEW YORK -- Two Chinese apartment rental startups are headed for a Wall Street initial public offering this year, despite heavy losses and brewing investor skepticism of the real estate middleman-model in the aftermath of WeWork's failed IPO.
Phoenix Tree Holdings, parent company of Danke Apartment and Dream Apartment, filed late Monday to raise $100 million, a placeholder estimate subject to change, while Q&K International, also known as Qingke, set terms last week to raise about the same amount.
