Chinese e-commerce giant is scheduled to launch its initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) on Thursday 18 June 2020.
JD.com announced via HKEX that it will issue 133 million shares with an issue price of 226.00 Hong Kong dollars, to obtain a net sum of 29.771 billion Hong Kong dollars (approx. USD$3.84 billion) in total.
According to JD.com shares available for retail investors are already oversubscribed 178.9 fold.
JD.com previously listed on Nasdaq in New York in 2014, raising USD$1.78 billion.
JD.com is China’s second largest e-commerce platform, and hopes that a secondary listing will help it compete against rivals in the sector such as Amazon and Alibaba.
Its HKEX hearing revealed that Richard Liu Qiangdong holds 15.1% of equity in JD.com for voting rights of 78.4%, while Tencent is the largest shareholder with 17.8% of equity and voting rights of 4.6%.