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Stock impact report

JD.com applies for $3 billion Hong Kong secondary listing: sources [Reuters]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Reuters
JD.com applies for $3 billion Hong Kong secondary listing: sources HONG KONG (Reuters) - Chinese e-commerce retailer JD.com is pressing ahead with plans for a secondary listing in Hong Kong within the next few months despite the coronavirus pandemic still roiling financial markets, said sources with direct knowledge of the matter. The Nasdaq-listed company has confidentially made an application to the Hong Kong Stock Exchange to list as soon as June, in a deal that could raise at least $3 billion, which would be the largest equity capital market transaction in Hong Kong this year, they said. JD.com did not immediately respond for a request to comment. The sources did not want to be named because the information has not been made public. The company has appointed Bank of America, CLSA and UBS to lead the deal. The spokespeople of the three banks declined to comment on the confidential filings made by JD.com. The Beijing-headquartered company has a $64 billion market capitalisation, acc Show less Read more
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