22 February 2019

Jingdong plans US$2 bln IPO in 2H, Bloomberg says

Online retailer Beijing Jingdong Trading Co. Ltd. plans to raise US$2 billion in an initial public offering in the second half, Bloomberg News reported Thursday, citing people with knowledge of the matter. The company is working with Bank of America Corp. and UBS A.G., the sources were quoted as saying, adding that it is inclined to list its shares in the United States, although Hong Kong is also being considered. Jingdong declined to comment, the report said.

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