JD.com’s JDi launches Hong Kong IPO seeking up to $420 million
JingDong Industrials, a unit of Chinese online retailer JD.com, is aiming to raise up to HK$3.27 billion ($420.08 million) in its Hong Kong initial public offering, according to a prospectus lodged on Wednesday.
The company, also known as JDi, is offering 211.2 million shares in a price rage of HK$12.70 to HK$15.50 each.
The IPO represents about 7.7% of JDi’s enlarged share capital, with an over-allotment option of up to 15% that could lift proceeds to as much as $484 million, according to the term sheet seen by Reuters.
