Deals
JD Said to Raise $3.9 Billion in Year’s Second-Largest Listing
- JD.com priced 133 million new shares at HK$226 apiece
- The online retailer will start trading in Hong Kong on June 18
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China’s No. 2 online retailer JD.com Inc. raised HK$30.1 billion ($3.9 billion) in its Hong Kong share sale, people familiar with the matter said, cementing the world’s second-biggest listing this year.
The company priced 133 million new shares at HK$226 each, according to the people, asking not to be identified as the information isn’t public. The price represents a 3.9% discount to the Nasdaq-listed JD’s closing price of $60.70 per share on Wednesday. JD trades in the U.S. via American depositary receipts, one of which represents two ordinary shares.