Jingdong Industrials Is Said to Raise $383 Million in HK IPO (1)

JD.com Inc.’s supply-chain technology unit raised HK$2.98 billion ($383 million) after pricing its Hong Kong initial public offering in the middle of the marketed range, according to people familiar with the matter.

Jingdong Industrials Inc. sold 211.2 million shares at HK$14.1 apiece, the people said, asking not to be identified because they aren’t authorized to speak publicly on the subject. The IPO caps an effort of more than two years as the company awaited approval from China’s securities regulator.

A representative for Jingdong Industrials said the company had no updates to make at this time.

JD.com said in 2023 ...