JD Logistics $3.2 billion HKSE IPO

Overview:

• High-technology-driven supply chain solutions and logistics services provider JD Logistics has undertaken a $3.2 million IPO on the Hong Kong Stock Exchange at the price of HK$40.36 per share.
• JD Logistics issued 609.2 million shares in its global offering.
• JD Logistics was established in 2017. It is a subsidiary of JD.com, which was listed on Nasdaq in 2014 and later completed its secondary listing in Hong Kong in 2020.

Annie Wang - Research analyst