(Bloomberg) — JD Well being has chosen banks for its deliberate Hong Kong preliminary public providing, which it may file for as quickly as this month, in response to folks conversant in the matter.The web well being care unit of China’s No. 2 e-commerce big JD.com Inc. has picked Bank of America Corp., Haitong Worldwide Securities Group Ltd. and UBS Group AG to work on the itemizing, the folks stated. JD Well being goals to lift a minimum of $1 billion from the share sale, the folks stated, asking to not be recognized because the matter is non-public.Particulars of the providing together with the scale and timeline are topic to alter, they stated. A consultant for JD didn’t reply to requests for remark. Representatives for Bank of America, Haitong Worldwide and UBS declined to remark.Well being care firms in Asia have launched into a document wave of fundraising because the sector enjoys buoyant valuations due to surging investor demand. Hong Kong has seen a parade of biotech corporations go public within the metropolis and particular person buyers have at instances put in so many orders than institutional consumers struggled to get their fingers on the stocks.Some $12.7 billion has been raised by health-care firms via first-time share gross sales in Asia this yr, greater than full-year tally of any of the previous 12 years, information compiled by Bloomberg present. U.S.-traded JD.com raised about $4.5 billion via a second itemizing in Hong Kong in June.(Updates with Haitong mandate in second paragraph.)For extra articles like this, please go to us at bloomberg.comSubscribe now to remain forward with essentially the most trusted enterprise information supply.©2020 Bloomberg L.P.