What is JDi's expected valuation in its upcoming IPO?

JDi's IPO implies a post-offering valuation of approximately $4.5 billion to $5.5 billion.

Who are the cornerstone investors in JDi's IPO?

Cornerstone investors, including British investor M&G and CPE I Investment, will buy about $170 million worth of shares in JDi's IPO.

When will JDi's shares debut on the Hong Kong exchange?

JDi's shares are slated to debut on the Hong Kong exchange on December 11, with final pricing set for December 10.

Home / Business and Economy / JD.com Unit Eyes $484M IPO Amidst Market Caution

JD.com Unit Eyes $484M IPO Amidst Market Caution

3 Dec

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Summary

JDi aims to raise up to $420.08 million in Hong Kong IPO.
The IPO implies a post-offering valuation between $4.5B and $5.5B.
Cornerstone investors will purchase approximately $170 million in shares.

JD.com Unit Eyes $484M IPO Amidst Market Caution

JDi, an industrial supply chain technology and services provider in China and a unit of JD.com, is preparing for its Hong Kong initial public offering. The company aims to secure between HK$12.70 and HK$15.50 per share, potentially raising up to HK$3.27 billion ($420.08 million). This offering represents a modest stake of roughly 7.7% of JDi's enlarged share capital, with provisions for an additional 15% over-allotment option that could boost total proceeds to as much as $484 million.

The impending IPO suggests a post-offering valuation ranging from $4.5 billion to $5.5 billion, a figure notably lower than its $6.7 billion valuation during a pre-IPO round in 2023. This valuation adjustment may reflect the current cautious market sentiment in Hong Kong, influenced by U.S. market volatility. The company plans to strategically allocate IPO funds towards enhancing its supply chain capabilities and expanding its business operations across various locations over the next two to three years.