The logistics services provider has set a price range for its proposed offering and will raise up to $3.4bn in proceeds, with JD.com retaining a majority stake.
JD Logistics, the logistics services subsidiary of China-based e-commerce firm JD.com, has set a price range of HK$39.36 to HK$43.36 ($5.07 to $5.59) for its proposed initial public offering that will raise up to $3.4bn.
The target range is in line with reports last month that JD Logistics would seek between $3bn and $4bn in proceeds. It aims to trade on the Hong Kong Stock Exchange under the code 2618.
JD Logistics was launched by JD.com in 2017…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
