JD Health raises $3.5B in Hong Kong IPO
December 2, 2020- Share:
JD Health has raised HK$27 billion (about $3.5 billion) after it priced its IPO at the top end of its expected price range of HK$62.80 to HK$70.58, according to Bloomberg. The unit of Chinese ecommerce company JD.com reportedly sold 381.9 million shares in the offering and plans to start trading in Hong Kong on Dec. 8. The share sale is said to be the biggest in Asia's healthcare sector in a decade.
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