Used electronics trading platform Aihuishou to raise up to $1 bln in U.S. IPO -sources [Reuters]
JD.com, Inc. - American Depositary Shares (JD)
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Source: Reuters
Used electronics trading platform Aihuishou to raise up to $1 bln in U.S. IPO -sources By Kane Wu 2 Min Read HONG KONG, April 17 (Reuters) - Chinese secondhand electronics trading platform Aihuishou is aiming to raise $500 million to $1 billion in a U.S. initial public offering by early June, said two people with direct knowledge. The 10-year-old company, backed by online retailer JD.Com Inc, is targeting a valuation of $4 billion to $5 billion in the float, said the people. Aihuishou has hired Bank of America and Goldman Sachs to work on the IPO and plans to file around mid-May, said the sources, who declined to be named as the information is confidential. The company and the two banks declined to comment. Aihuishou recycles second-hand mobile phones, computers, laptops, cameras and other electronics products from individuals and corporations and resells them on its website and apps, as well as offline stores in 140 cities, according to its website. The company aims to attract inves
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JD
News
- 3 Buy-Rated Stocks Fit for Value Investors [Yahoo! Finance]Yahoo! Finance
- JD.com, Inc. (NASDAQ: JD) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $27.00 price target on the stock.MarketBeat
- China Market Update: Markets Ignore Biden Tariff Talk, JD.com Buyback Update [Forbes]Forbes
- JD.com Announces Updates of Its Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- JD.com Announces Updates of Its Share Repurchase ProgramGlobeNewswire
JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- JD's page on the SEC website