JD Health Seeks Up to $3.5 Billion in Hong Kong IPO


Source: bnnbloomberg.ca bnnbloomberg.ca

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(Bloomberg) -- JD Health International Inc. is looking to raise as much as $3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health-care listing on record. The health-care unit of China’s No. 2 e-commerce giant JD.com Inc. is selling 381.9 million shares at HK$62.8 to HK$70.58 each, according to terms of the deal obtained by Bloomberg News. JD Health secured six cornerstone investors for its IPO who agreed to subscribed for as much as $1.35 billion of stock, including Singapore sovereign wealth fund GIC Pte, Hillhouse Capital and BlackRock. JD Health’s IPO is set...