ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

JD Logistics set to raise $3.2bn with lowered IPO price

Retail orders brisk in share sale but sector sentiment shaky

The JD Logistics offering will be the second-largest IPO so far this year in Hong Kong.    © Reuters

HONG KONG -- JD Logistics is set to raise $3.16 billion from its Hong Kong IPO after pricing its shares toward the lower end of their marketed range due to investor concerns about the sector.

Despite the uncertain sentiment, subscriptions for its initial public offering have been brisk, with retail investors placing orders for more than 200 times their share allocation, according to a person familiar with the transaction. The offering, which opened on May 17, closes on Friday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more