Deals

JD Seeks $4.1 Billion in Year’s Biggest Hong Kong Listing

Firm is offering shares at a maximum price of HK$236 each
JD’s share sale is set to be Hong Kong’s largest this year

Watch: JD.com Inc. is filing for its Hong Kong share sale and NetEase Inc. has reportedly closed its books early ahead of next week’s listing. (Source: Bloomberg)

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By Julia Fioretti and Lulu Yilun Chen

June 5, 2020 at 12:25 AM UTC

Updated on

June 5, 2020 at 12:28 PM UTC

This article is for subscribers only.

China’s No. 2 online retailer JD.com Inc. is seeking to raise as much as HK$31.4 billion ($4.05 billion) for a second listing in Hong Kong, as the Nasdaq-listed firm seeks a foothold closer to home amid rising U.S.-China tensions.

JD.com is offering 133 million new shares at as much as HK$236 each, according to terms of the deal obtained by Bloomberg News. The maximum price represents a 7.8% premium to JD.com’s Thursday closing price in New York.