JD.Com Is Planning Secondary Listing in Hong Kong, Insider Says
Zhang Yushuo
DATE:  Apr 29 2020
/ SOURCE:  Yicai
JD.Com Is Planning Secondary Listing in Hong Kong, Insider Says JD.Com Is Planning Secondary Listing in Hong Kong, Insider Says

(Yicai Global) April 29 -- Chinese e-commerce giant JD.Com is planning a secondary listing in Hong Kong, Securities Times Journal cited an insider as saying today.

"The size [of the offering] will depend on the market environment," the source said, adding that the firm "hopes to raise more money as the Covid-19 outbreak is under control."

Earlier reports had suggested the Beijing-based firm would list a 5 percent stake to raise HKD25 billion (USD3.2 billion).

JD.Com raised USD1.2 billion when it listed on the Nasdaq in 2014, and now has a market capitalisation of around USD64 billion.

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Keywords:   JD,IPO,Hongkong