News Snapshot:
“ JD Logistics has asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to US$3 billion as it moves toward launching the deal in the first half of 2021,†Reuters reported, citing people familiar with the matter. Investment banks have already presented to the company’s executives last week as part of the selection process, the sources added. While there are no official mandates yet, the people shared that JD is known to be close to UBS, Bank of America, and Haitong Securities. JD Logistics has also yet to decide on a...
