JD Is Said to Raise $3.5 Billion in Biggest Asia Health-Care IPO

News Snapshot:

Photographer: Qilai Shen/Bloomberg Photographer: Qilai Shen/Bloomberg JD Health International Inc. raised HK$27 billion ($3.5 billion) after pricing Asia’s biggest health-care initial public offering at the top end of a marketed range, people with knowledge of the matter said. The unit of Chinese e-commerce operator JD.com Inc. priced its sale of 381.9 million shares at HK$70.58 apiece, the people said, asking not to be identified as the information isn’t public. The company is due to start trading in Hong Kong on Dec. 8. An external representative for the company could not immediately comment on the matter. The IPO surpasses the $2.3...