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Health Care firms up health unit spinoff with strong investor demand

Chinese online platform to raise $3.5bn in biggest Hong Kong IPO of 2020

HONG KONG -- The health care unit of, China's second-largest e-commerce group, is set to raise $3.5 billion in what will be the largest initial public offering in Hong Kong so far this year.

JD Health, China's largest online health care platform, priced the heavily subscribed offering close to the top end of the indicative range of HK$62.80 to HK$70.58 at which it marketed the stock, according to two people familiar with the deal.

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