JD to Raise $3.5 Billion in Biggest Asia Health-Care IPO

JD Health prices Hong Kong offering at top of marketed range
Health care and pharmaceutical firms in record listings wave

JD Health IPO Raises $3.5 Billion in Hong Kong

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By Julia Fioretti and Vinicy Chan

December 1, 2020 at 11:08 AM UTC

Updated on

December 2, 2020 at 1:43 AM UTC

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JD Health International Inc. raised HK$27 billion ($3.5 billion) after pricing Asia’s biggest health-care initial public offering at the top end of a marketed range.

The unit of Chinese e-commerce operator JD.com Inc. priced its sale of 381.9 million shares at HK$70.58 apiece, according to terms for the deal obtained by Bloomberg. The company is due to start trading in Hong Kong on Dec. 8.