JD plans US$4.05 billion Hong Kong exchange listing
By Mei Ling Tan
1 min read
Chinese e-commerce giant JD is looking to raise up to US$4.05 billion in a secondary share listing in Hong Kong.
The new 133 million shares, priced at $30.45 each, most likely will make the listing among the largest in the territory this year.
US regulations for Chinese firms listed in the US may tighten, with one bill in the US Congress proposing delisting Chinese firms that do not submit to substantial auditing requirements. JD is listed in the US on the Nasdaq.
The company will start taking investor orders around this Thursday, with the listing set for June 18 to coincide with its annual shopping festival.
Joint sponsors of JD’s Hong Kong listing include Bank of America, UBS Group and CLSA.