JD Health soars 50% after Hong Kong market debut

Tuesday, 08. December 2020 07:30

Shares of JD Health soared over 50% on the company's first day of trading on the Hong Kong Stock Exchange on Tuesday.

JD Health opened at 94.50 Hong Kong dollars ($12.19), which is 34% above its Initial Public Offering (IPO) price of 70.58 Hong Kong dollars. Later in the session, the stock of JD.com's healthcare arm climbed to a high of 108.60 Hong Kong dollars.

The company noted it issued 381.9 million shares and raised 26.46 billion Hong Kong dollars ($3.41 billion) in the IPO.

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