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JD reportedly filing for second Hong Kong listing
The listing could occur on H2 2020.
Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds. The offering could raise at least $15.5b (US$2b), the sources said.
The deal comes after Alibaba Group Holding Ltd. raised $100.75b (US$13b) in a Hong Kong share sale last year.
JD’s listing could come as early as the second half of the year, according to one of the sources. Deliberations are ongoing and the size of the offering could still change. A representative for JD.com didn’t immediately respond to requests for comment.
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