JD Health to raise $3.5 billion in Hong Kong IPO term sheet


Source: sharenet.co.za sharenet.co.za

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JD Health plans to raise $3.5 billion in Hong Kong IPO -term sheet (Adds deal details) By Scott Murdoch HONG KONG, Nov 25 (Reuters) - JD Health International Inc is seeking to raise up to $3.5 billion by selling 381.9 million shares in a range of HK$62.80 and HK$70.58 at its Hong Kong initial public offering (IPO), according to a term sheet obtained by Reuters. There is a greenshoe option to sell a further 15% of stock in the online healthcare platform of China's e-commerce giant JD.com that would take the size of the IPO, set to be Hong Kong's...