JD Health IPO has “phenomenal” first day of bookbuilding

By Jonathan Breen
26 Nov 2020

JD Health International launched 2020’s largest healthcare listing this week, hitting the road to raise up to HK$27bn ($3.5bn) in a Hong Kong IPO. The issuer blends healthcare and technology, two of the hottest sectors in the IPO market this year. It covered the deal multiple times on the first day. Jonathan Breen reports.

Chinese healthcare and tech companies have provided a flood of heavily bid deals throughout 2020, with the former in particular capturing the attention of investors during the Covid-19 pandemic. With that backdrop, as well as the support of its well-known parent, e-commerce company JD.com, JD Health got off to ...

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