JD Logistics targets USD 3.9 bln in Hong Kong IPO


Source: chinaknowledge.com chinaknowledge.com

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JD Logistics targets USD 3.9 bln in Hong Kong IPO CKN 2021/05/17 03:38:59 37 May 17, 2021 (China Knowledge) - JD Logistics is set to launch marketing campaigns for its Hong Kong’s initial public offering to investors, with the goal of raising USD 3.4 to USD 3.9 bln. This target will put JD Logistics as the second-biggest IPO on the Hong Kong bourse this year, following Kuaishou Tech’s (1024) USD 6.2 bln raised in January. The IPO will also top Baidu’s (9888) secondary listing of USD 3.1 bln in March. JD Logistics’ IPO will be one of the many IPOs...