JingDong Industrials, a unit of Chinese online retailer JD.com, is aiming to raise up to HK$3.27 billion ($420.08 million) in an initial public offering in Hong Kong, according to an exchange filing on Wednesday.
The company, also known as JDi, aims to raise funds by offering 211.2 million shares at a maximum offer price of HK$15.50 apiece, with pricing expected no lower than HK$12.70 per share.
Final pricing is slated for December 10, with shares set to debut on the Hong Kong bourse the following day.
JDi is an industrial supply chain technology and services provider in China.
The long-awaited IPO comes as U.S. market volatility weighs on recent Hong Kong listings, with investor caution rising after a blockbuster year that crowned the city as the world’s top listing venue by deal volume.
Reuters reported on the planned offering last week.
Reuters
