JD Logistics launches Hong Kong IPO to raise up to $3.4b

JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company's filings, in one of Hong Kong's largest share sales in 2021. The logistics offshoot of JD.com Inc will sell 609.1 million shares in the deal which is 10% of the company's total shares, the filings said. An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares that would raise up to a further $510 million. At that size, JD Logistics will be one of the biggest deals in Hong Kong this…