JD Industrials plans $420m IPO to digitalise Chinese industrial supply chains
The spun off company from JD.com is preparing for an initial public offering on the Hong Kong Stock Exchange on December 11. The supply chain firm's ability to manage treasury separately has seen cash increase on its balance sheet.
JD Industrials, a subsidiary of Chinese e-commerce group JD.com, is seeking to raise as much as $420 million on a Hong Kong initial primary offering (IPO). The offer price range is between HK$12.7 ($1.63) to HK$15.5 per share.
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