Jingdong Industrials Is Said to Price Hong Kong IPO in Middle of Marketed Range
NeutralTechnology

- JD.com Inc.’s supply-chain technology unit successfully priced its Hong Kong initial public offering (IPO) at HK$2.98 billion ($383 million), aligning with the middle of the marketed range, as reported by sources familiar with the matter.
- This IPO represents a significant financial milestone for JD.com, reflecting its ongoing strategy to enhance its market presence and capitalize on the growing demand for supply-chain technology solutions in the region.
- The successful pricing of this IPO comes amid a broader trend of Chinese e-commerce companies exploring various funding avenues, including bond sales, as they navigate increasing competition and market dynamics.
— via World Pulse Now AI Editorial System
