JD Unit Seeks up to $3.5 Billion in Asia’s Biggest Health IPO
- JD Health draws GIC, Hillhouse as cornerstone investors
- JD Health to be one of largest Hong Kong IPOs of year
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JD Health International Inc. is looking to raise as much as $3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health-care listing on record.
The health-care unit of China’s No. 2 e-commerce giant JD.com Inc. is selling 381.9 million shares at HK$62.8 to HK$70.58 each, according to terms of the deal obtained by Bloomberg News. The price range values JD Health at $25.3 billion to $28.5 billion.