JD Health Commences in Hong Kong, Shares Surge 75%

(Source: Sina)

JD.com's heath-care arm JD Health started trading on the Hong Kong markets on Dec. 8 and shares surged as much as 75% as of press time.

With the net proceeds from the initial public offering (IPO) of about HK$26.5 billion, JD Health issued about 281.9 million shares priced at HK$70.58 each but the stock commenced at HK$94.5 at the market o…