RTR: JD Logistics launches Hong Kong IPO to raise up to $3.4bn – filings

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REUTERS reports:

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, in one of Hong Kong’s largest share sales in 2021.

The logistics offshoot of JD.com Inc (9618.HK) will sell 609.1 million shares in the deal which is 10% of the company’s total shares, the filings said.