listing

JD.com files plan to raise about $3.2bn in Hong Kong listing

HONG KONG — Chinese e-commerce company JD.com has filed for a secondary listing in Hong Kong that could raise about $3.2 billion, according to two people familiar with the deal.

Nasdaq-listed JD.com, which currently has a market valuation of $64 billion, filed for the offering confidentially with the Hong Kong Stock Exchange this week and aims to sell 5%, one of these people said.

Subject to market conditions and other approvals, the offering could take place late in the third quarter, the two people said.

A successful share sale of that magnitude could spur other Chinese companies listed in the

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JD.com files plan to raise $3.2bn in secondary Hong Kong listing

HONG KONG — Chinese e-commerce company JD.com has filed for a secondary listing in Hong Kong that could raise about $3.2 billion, according to two people familiar with the deal.

Nasdaq-listed JD.com, which currently has a market valuation of $64 billion, filed for the offering confidentially with the Hong Kong Stock Exchange this week and aims to sell 5%, one of these people said.

Subject to market conditions and other approvals, the offering could take place late in the third quarter, the two people said.

A successful share sale of that magnitude could spur other Chinese companies listed in the

Read More