JD.com aims to raise $3.2B in secondary HK listing - report

Wednesday, 29. April 2020 12:00

JD.com, Inc filed for the secondary listing on the Hang Seng stock market in Hong Kong, planning to raise $3.2 billion, Nikkei Asian Review reported on Wednesday citing sources familiar with the matter.

The Chinese e-commerce giant reportedly aims to offer around 5% of its shares with its market value estimated at $64 billion. JD's first listing on the Hang Seng is expected to occur late in the third quarter, according to sources.

The company has been trading od the Nasdaq 100 since 2014.

Related Links: JD.com Inc.
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Breaking the News / GA