JD Logistics launches Hong Kong IPO to raise up to $3.4 billion: filings By Reuters

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JD Logistics launches Hong Kong IPO to raise up to $3.4 billion: filings
© Reuters. FILE PHOTO: A staff member wearing a face mask works at JD.com’s automated logistics center during a government organized tour on China’s Singles Day shopping festival in Beijing, China November 11, 2020. REUTERS/Thomas Peter/File Photo

(Reuters) – JD (NASDAQ:) 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.

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

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Paul Wekem

Paul Wekem

Paul Wekem Ghanaian security specialist is well versed in managing and directing the implementation of security standards and policies including total integrated security solutions to optimize controls. He is proficient in the establishment and development of external relationships with stakeholders, negotiating and influencing at all levels

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