JD Logistics set to raise US$3.2 billion in Hong Kong IPO in city’s second-biggest fundraising so far this year

Source: South China Morning PostJD Logistics indicated on Friday it will price its Hong Kong initial public offering at HK$40.36, which will help the company raise HK$24.6 billion (US$3.2 billion) in the city’s second-biggest deal so far this year, according to a person familiar with the matter.The final offer price is near the bottom end of the range marketed to investors of HK$39.36 to HK$43.36 per share.JD Logistics plans to issue 609.2 million shares in its global offering, the bulk of which are slated for institutional…Read More

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