JD Well being to Shut Guide Earlier for Worldwide Supply of US$Three Billion-Plus IPO
By Joanne Chiu
JD Well being Worldwide Inc., a web based health-care enterprise managed by Chinese language on-line retailing big JD.com Inc., plans to shut the e book for its worldwide provide on Monday, a day forward of schedule.
The Beijing-based firm has acquired overwhelming demand from institutional buyers for its as much as US$3.5 billion preliminary public providing in Hong Kong, based on sources aware of the scenario. One particular person mentioned the corporate will doubtless price the deal on the higher half of an indicative price vary, however no pricing steering is accessible for now.
The corporate is taking orders for a smaller portion of the Hong Kong deal reserved for particular person buyers until midday, Tuesday.
JD Well being runs China’s largest on-line pharmacy by income, organizes medical bookings and provides on-line consultations with docs. It’s providing 381.9 million shares at an indicative price vary of HK$62.80 (US$8.10) to HK$70.58 every, elevating as a lot as US$3.5 billion forward of a market debut on Dec. 8. The deal measurement may enhance to as much as US$four billion if underwriting banks train an choice to purchase 15% extra stock.
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(END) Dow Jones Newswires
November 29, 2020 23:15 ET (04:15 GMT)
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Dow Jones – JD Well being to Shut Guide Earlier for Worldwide Supply of US$Three Billion-Plus IPO