Chinese e-commerce giant JD.com’s shares acquire 5.7% in their Hong Kong debut

by RJ Shara | Jun 18, 2020 | Fundings and Exit

Chinese e-commerce giant JD.com’s shares rose 5.7% after opening at HKD $239 (about USD $30.80) throughout their first day of trading on the Hong Kong stock exchange. JD.com had actually initially priced the shares for the secondary offering at $226. JD.com released 133 million new Class A common shares as part of the secondary offering and […] JD.com provided 133 million new Class A common shares as part of the secondary offering and stated it expects its net proceeds to be about HKD 30.05 billion (or about $3.9 billion). Funds raised from the offering will be used to develop JD.com’s supply chain technology. …