JD Logistics Seeks Up to $3.4 Billion in Hong Kong IPO – BNN Bloomberg

(Bloomberg) — JD Logistics Inc., the delivery arm of e-commerce giant JD.com Inc., is seeking to raise as much as HK$26.4 billion ($3.4 billion) in its Hong Kong initial public offering, seizing on China's online shopping boom sparked by the coronavirus pandemic. The warehousing and shipping company is selling 609.2 million shares at HK$39.36 to HK$43.36 each, according to statement published in South China Morning Post. The company will start taking investor orders from Monday and is set to begin trading on May 28 in Hong Kong. At $3.4 billion, JD Logistics would be the second-largest IPO in the city…