JD Logistics launches Hong Kong IPO to raise up to $3.4 billion: filings

By:  Reuters
07:23 05/16/2021

(Reuters) - JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company's filings.

The logistics business, the offshoot of JD.com Inc will sell 609.1 million shares in the deal which is 10% of the company's total shares, the filings said.

(Reporting by Scott Murdoch and Riya Sharma; editing by Diane Craft)

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