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IPO logistics unit on track to deliver $4bn Hong Kong IPO

Exchange listings committee paves way for company to meet potential investors

JD Logistics is said to be eyeing a valuation of about $40 billion in its IPO.   © Reuters

HONG KONG -- Plans by the logistics unit of Chinese e-commerce platform for a $4 billion initial public offering have secured the Hong Kong Stock Exchange's approval, according to two people familiar with its efforts.

JD Logistics, which offers supply-chain services from warehousing to distribution, is eyeing a valuation of about $40 billion, the people said. The company got the nod from the Hong Kong bourse's listing committee on Thursday and will start preliminary investor meetings next week.

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