JD.com Seeks Listing Hearing on Thursday, Expands List of Underwriter Banks

(Source: KrASIA)

According to The Latest IPO, Chinese e-commerce powerhouse JD.com, which plans to list on the Hong Kong Stock Exchange on June 18, is reported to have scheduled a listing hearing on Thursday, May 28. The company is expected to hand in its prospectus on June 5 or June 8.

SEE ALSO:JD.com Could Accelerate Secondary Listing Preparations after Positive Q1 2020 Report

In addition to the three underwriter banks revealed earlier, UBS, Bank of America and CLSA, more than ten other investment banks will join in to assist JD.com in the listing. Among them, China Renaissance and Jefferies.

Seven Chinese banks, including the ABCI, BOCI, BOCOMI, CCBI, CMBI, ICBCI and Haitong Securities, will join the underwriters’ list syndicate.

Analysts expect JD.com’s secondary listing in Hong Kong to help the company raise up to $3 billion.