JD launches HK offering Monday

0 Comment(s)Print E-mail China Daily, June 8, 2020
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E-commerce giant JD offered 133 million shares globally on Monday, 6.65 million of which will be publicly offered in Hong Kong, raising around HK$31.39 billion ($4.05 billion), the Finet reported Monday.

The offer fee per lot in HK stands at 11,919 yuan, and the price per share of the public offering is capped at HK$236. The public offering in HK will be closed on June 11. Shares of JD are expected to float in HK from June 18.

Compared to its $59.04 per share in the US stock market on Friday, JD's ceiling price in HK is 3.2 percent higher.

Eight brokers have totaled a 130 million yuan margin amount for the HK offering.

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