Singapore sovereign wealth fund invests $70 million in crypto exchange OSL s parent group tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.
Trip com Gains After Reversing COVID-19 Loss Amid China Economic Recovery forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
2 Min Read
HONG KONG (Reuters) -JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering (IPO), two people with direct knowledge of the matter said.
Slideshow ( 2 images )
JD Logistics did not immediately reply to a request for comment.
It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.
The company sold 609.1 million shares in the deal, which is Hong Kong’s second-largest IPO this year following Kuaishou Technology raising $5.4 billion in January.
JD Logistics to raise $3.16 billion in Hong Kong IPO -sources
By Scott Murdoch
Reuters
HONG KONG (Reuters) -JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering (IPO), two people with direct knowledge of the matter said.
The people declined to be identified as the information has not yet been made public.
JD Logistics did not immediately reply to a request for comment.
It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.