JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion


Source: insideretail.co.nz insideretail.co.nz

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JD Logistics is set to launch one of Hong Kong’s largest share sales this year. The company says it will price its shares between $HK39.36 and $HK43.36 (US$5.07 and $5.58) each as the company aims to raise up to $3.4 billion, according to the company’s filings. The logistics offshoot of JD will sell 609.1 million shares in the deal which is 10 per cent 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...