• 114
  • 41
  • 收藏

JD Logistics Poised to Raise $3.2 Billion in Hong Kong IPO

Tiger Newspress2021-05-21

JD Logistics Inc., the delivery arm of e-commerce giant JD.com Inc., is set to raise about HK$24.6 billion ($3.2 billion) after planning to price its Hong Kong initial public offering near the bottom of a marketed range, according to people with knowledge of the matter.

The warehousing and shipping company is telling prospective investors that it plans to price 609.2 million shares at HK$40.36 each, the people said, asking not to be identified as the information is private. It had marketed the shares at HK$39.36 to HK$43.36 apiece. An external representative for the company didn’t immediately respond to a request for comment.

The JD.com unit’s debut next week will test the waters for investor demand in Hong Kong’s IPO market, which has cooled because of concerns over rising inflation and weakness in global stocks. It is the second-largest listing in the city this year, after short video company Kuaishou Technology’s $6.2 billion float in February.

While first-time share sales in the Asian financial hub have had their best start to the year on record, with $20.5 billion raised so far, according to data compiled by Bloomberg, investor appetite for new stock offerings has petered out recently, with the massive first-day pops seen at the beginning of the year all but gone. For example, SF Real Estate Investment Trust fell 16.5% in its debut on the Hong Kong bourse Monday.

JD Logistics attracted seven cornerstone investors to its offering, who agreed to subscribe for about $1.53 billion of stock, including SoftBank Vision Fund, Temasek Holdings Pte, Blackstone Group Inc. and Tiger Global.

Created in 2007 and set up as a standalone unit under JD.com a decade later, JD Logistics’ networks include both so-called last mile and longer distance lines, as well as cold chain and bulky item networks, according to its prospectus. It operated more than 900 warehouses across China as of the end of 2020. It is still loss-making, reporting a net loss of 4.1 billion yuan ($637 million) last year.

JD Logistics’ shares are due to start trading in Hong Kong on May 28. BofA Securities Inc., Goldman Sachs Group Inc. and Haitong International Securities Group Ltd. are joint sponsors for the listing.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论41

  • Ash7m
    ·2021-05-21
    Good opportunity to look at! 
    回复
    举报
  • 77c7f244
    ·2021-05-21
    Good growth potential
    回复
    举报
  • FiNaLe
    ·2021-05-21
    I want to subscribe for their shares. How to do it?
    回复
    举报
  • Kel9670ong
    ·2021-05-21
    When will the trading commence ?
    回复
    举报
  • TheHome
    ·2021-05-21
    🌟🌟🌟
    回复
    举报
    收起
  • 66ca641d
    ·2021-05-21
    Good to know
    回复
    举报
    收起
    • TheHome
      Good
      2021-05-21
      回复
      举报
  • WZiYa
    ·2021-05-21
    Good to know. 
    回复
    举报
    收起
    • TheHome
      Thumbs up
      2021-05-21
      回复
      举报
    • 乌雨花香
      👍
      2021-05-24
      回复
      举报
  • Barbarazhao
    ·2021-05-21
    Great
    回复
    举报
    收起
    • TheHome
      Awesome!
      2021-05-21
      回复
      举报
  • shamtu
    ·2021-05-21
    Like and comment🙏
    回复
    举报
    收起
    • TheHome
      Like and comment
      2021-05-21
      回复
      举报
  • Ameliakoh
    ·2021-05-21
    Follow 🙏
    回复
    举报
    收起
  • Seimin
    ·2021-05-21
    Up
    回复
    举报
    收起
  • FrankieOng
    ·2021-05-21
    Hosay !😃
    回复
    举报
    收起
  • Mireyachen
    ·2021-05-21
    IPO HK$40.36 (S$ 6.93) per share think is too high
    回复
    举报
    收起
    • BrianLTS
      Yes.
      2021-05-21
      回复
      举报
  • nanalim
    ·2021-05-21
    like n comment thanks
    回复
    举报
    收起
    • SSVC
      Done
      2021-05-21
      回复
      举报
    • NicholasTZL
      CommeNt back pls
      2021-05-21
      回复
      举报
  • SSVC
    ·2021-05-21
    Overprice  Appreciate your comments and response Thanks 
    回复
    举报
    收起
    • nanalim
      like n comment thanks
      2021-05-21
      回复
      举报
    • BrianLTS
      Likely.
      2021-05-21
      回复
      举报
    • NicholasTZL
      Comment back pls
      2021-05-21
      回复
      举报
  • 起司_9213
    ·2021-05-21
    JD the only valuable business is logistic , but doesn’t not making profit .
    回复
    举报
  • ryanlow
    ·2021-05-21
    wow
    回复
    举报
  • 3ec0bfc0
    ·2021-05-21
    Ok
    回复
    举报
  • lks
    ·2021-05-21
    How to subscribe to HK IPO? 
    回复
    举报
  • ChenWS
    ·2021-05-21
    Good 
    回复
    举报
 
 
 
 

热议股票

 
 
 
 
 

7x24