On Monday, JD Logistics, the supply chain spinoff of JD.com (NASDAQ:JD), set its Hong Kong IPO price between $HK39.36 and $HK43.36 for a total of 609.1 million shares. This pricing could lead to a $3.4 billion valuation for the company.
JD.com plans to hold 10% of JD Logistics’ shares, according to the new filing.
The listing would also provide an over-allotment option that would provide another 91 million shares, raising an additional $510 million.
Joint sponsors for the IPO include BofA...
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