China’s Alibaba rival JD raises १२ 12 billion through IPO stock listings

Workers load packages into delivery vehicles at the JD.com distribution center in Beijing on July 1, 2020.

Greg Baker | AFP Getty Images

BEIJING – In less than a year, Chinese e-commerce giant JD.com Hong Kong has raised अरब 12 billion through public offerings in Hong Kong and New York.

The list included JD’s subsidiaries and its own secondary stock in the secondary sector. Bank of America According to the public filing, it was the only investment bank to participate in each single listing.

Here are four JD affiliates that went public:

1. JD Logistics, the company’s delivery unit, It was made public on Friday in Hong Kong, And raised $ 3.2 billion. Its vast network of warehouses and more than 200,000 delivery workers have given parent JD.com a edge against e-commerce. Alibaba.

The stock closed 3.3% higher on the first day of trading, after rising more than 1.18% at one point.

Read more about China from CNBC Pro

.. Grocery delivery company Dada Nexus – in which strategic investor JD acquired a majority stake this year – raised 20 2020 million 5 June Public offer in Nasdaq. The stock is about %%% above its IPO.

A total of $ 12.02 billion was raised by four stock offers.

The market capitalization of four stocks, including New York Parent, is now १ 10 million, according to data from Wind Information. The figure may vary slightly due to factors such as foreign exchange rates and calculation of bank fees.

.

Leave a Comment

x