JD Health 'to raise US$4b in HK's largest IPO of 2020’ Hong Kong

News Snapshot:

JD Health, the healthcare arm of the Chinese mainland e-tailer JD.com Inc, aims to raise up to US$4 billion in the Hong Kong Special Administrative Region’s largest initial public offering (IPO) of 2020, three people with direct knowledge of the matter told Reuters. The share sale, which starts on Wednesday, will help the HKSAR to its busiest year for IPOs and secondary listings since 2010 when issuers raised US$57.39 billion, Refinitiv data showed. Listings in HKSAR so far this year have been worth US$39.1 billion, versus US$40.2 billion last year, data showed Listings in HKSAR so far this year have...