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


Source: thestartmagazine.com thestartmagazine.com

Key Topics in this News Article:

News Snapshot:

(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. The unit of Chinese e-commerce operator JD.com Inc. priced its sale of 381.9 million shares at HK$70.58 apiece, according to terms for the deal obtained by Bloomberg. The company is due to start trading in Hong Kong on Dec. 8. The IPO is also the largest of this year’s first-time share sales in Hong Kong, excluding the second listing by JD Health’s parent company in June, according to data compiled by Bloomberg. It...