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Stock impact report

China's Ming Yuan launches up to $800 mln Hong Kong IPO - term sheet [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
By Scott Murdoch 2 Min Read HONG KONG, Sept 14 (Reuters) - Chinese property software company Ming Yuan Cloud on Monday launched an IPO in Hong Kong to raise as much as HK$6.17 billion ($798 million), a deal term sheet showed, as the city gears up for its second busiest week for equity offerings this year. The company will sell 374 million shares at a range of HK$15 to HK$16.50 each, which will value it between $3.62 billion and $3.98 billion. A virtual management roadshow will begin Monday, according to the term sheet, and the deal is set to price on Friday. Ming Yuan’s deal is part of a slew of IPOs and secondary listings worth at least $4.5 billion due to launch in Hong Kong this week, which is on track to be the second busiest for equity capital markets in the city in 2020, according to Refinitiv data. The busiest week of the year was in June when JD.com and Netease raised $7.5 billion combined. Ming Yuan shares will start trading on the Hong Kong Stock Exchange on September 25. T Show less Read more
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