JD Logistics ready to deliver $3.4bn Hong Kong IPO


Source: globalcapital.com globalcapital.com

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JD Logistics ready to deliver $3.4bn Hong Kong IPO By Jonathan Breen 07.15 AM JD Logistics has rolled out its long-awaited HK$26.5bn ($3.4bn) listing in Hong Kong, set to be the city’s largest IPO since the beginning of the year. The spin-off of Chinese e-commerce company JD.com’s logistics unit started on Monday with investor meetings. Leading the deal are Bank of America, Goldman Sachs and Haitong International, the sponsors and global co-ordinators. UBS is the financial adviser as well as a global co-ordinator. The issuer is offering 609.16m ... Already a subscriber? Login