JD.com, NetEase ready $5bn secondary IPOs in HK

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By Jonathan Breen
25 May 2020

Chinese internet giants JD.com and NetEase are targeting mid-June to launch their respective Hong Kong listings, according to sources familiar with the matter.

The US-listed companies are expected to raise proceeds of about $5bn combined from their secondary flotations.

JD.com, the larger of the two issuers, is expected to list in the third week of June and is aiming to raise about $3bn, said one of the sources, but the terms ...

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