Hong Kong's Hang Seng Index was down 0.4% in early trade. Its Hong Kong-listed shares are trading 12 per cent higher than their IPO price of HK$176, its ADRs are up 3.3 per cent and the benchmark Hang Seng Index has fallen by 5.6 per cent. JD Health is a … The $3.5 billion initial public offering by JD Health International Inc. is Hong Kong’s largest this year. JD Health is a subsidiary of e-commerce giant JD.com Inc specialising in online pharmaceutical sales and medical consultation services. JD Health is a subsidiary of e-commerce giant JD.com Inc specialising in online pharmaceutical … Hong Kong's Hang Seng Index was down 0.4% in early trade. Subject to a minimum of 10,000 units in a single buy trade, SRS trade is excluded. The shares were sold at HK$70.58 each as the company raised $3.48 billion, and the stock opened at HK$94.50. Sectors such as financials, energy, and real estate lagged while growth stocks outperformed. It listed in the U.S. in 2014 but recently filed a secondary offering in Hong Kong, seeking to raise HK$31 billion ($4 billion). JD Health International Inc shares rose as much as 46.5% above the issue price in their Hong Kong trading debut on Tuesday, following an initial public offering that was the city's largest of... | … However, JD Health's rapid rise may make it vulnerable to a swift sell-off, Everbright Sun Hung Kai analyst Kenny Ng said. The health care unit of China's JD.com makes its market debut after raising $3.5 billion in Hong Kong's largest initial public offering this year. Breadth … JD Health's IPO prospectus showed a 36% year-on-year growth in annual active users to 72.5-million at the end of June. As of December 31, 2019, JD.com, Inc. operated fulfillment centers in seven cities; and 700 warehouses in 89 cities covering various counties and districts. Stocks in Japan were higher by their close, as the Nikkei 225 gained 0.91% … For Lion-OCBC Securities Hang Seng TECH ETF only S$0 commission from 10 to 31 December 2020. It was valued at $29 billion ahead of its trading debut. Hong Kong's Hang Seng Index was down 0.4% in early trade. The Hang Seng TECH Index has a unique IPO fast entry mechanism to prepare for the homecoming of foreign-listed Chinese companies and the new listing of Chinese “unicorns” in HKEx. JD Logistics has asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to $3 billion as it moves towards launching the deal in the first half of 2021, according to two sources with direct knowledge of the matter. China Renaissance ("China Renaissance", stock code: 1911.HK) congratulates JD Health International Inc. ("JD Health" or the "Company", stock code: 6618.HK) on its landmark initial public offering ("IPO") on the Hong Kong Stock Exchange, which raised approximately HK$27 billion (US$3.5 billion), excluding the over-allotment option. The Hang Seng was off by -0.76% on US-China political rhetoric and tightening social distancing measures, though the real culprit was a very weak day for value within the index. "JD Health provides a good opportunity for profit-taking in the short term if its share price is above HK$100 since IPO investors have already got around 40 per cent return," he added. Alibaba rival JD.com (JD) is now following a similar path. China Renaissance served as the exclusive financial … The rule enables sizable newly listed technology companies to be included in the index in a timely manner without the need to wait until the quarterly review. It's quite surprising as the Hang Seng Index dropped around 1 percent at that time," Jason Chan, CFA and head of Research at Hong Kong-based uSMART Securities Limited, told CGTN. “JD Health provides a good opportunity for profit-taking in the short term if its share price is above HK$100 since IPO investors have already got around 40 per cent return,” he said. Analyst positive about JD.com's long-run performance "JD.com jumped nearly 6 percent at the beginning and almost reached her corresponding U.S. stocks' price level. The stock bucked a downward trend in the broader local market as the benchmark Hang Seng Index fell 0.4%. JD Health International Inc made one of the strongest public market debuts for a major Hong Kong initial public offering on Tuesday, with its shares closing up 56%. The company's shares popped 56% on the first day of … JD Health's shares outshone the broader Hong Kong market on Tuesday, with the Hang Seng Index closing down 0.76%, its second day in negative territory. The shares were sold at HK$70.58 each as the company raised $3.48 billion, and the stock opened at HK$94.50. Hong Kong’s Hang Seng Index was down 0.4% in early trade. The company sold shares in its IPO for HK$70.58 each, pulling in $3.48 billion and a valuation of $29 billion. JD health unit eyes $3.5b Hong Kong IPO Agence France-Presse ... Pedestrians walk past a display showing the Hang Seng Index in Hong Kong on Nov. 8, 2017. JD Health is a subsidiary of e-commerce giant JD.com Inc specialising in online pharmaceutical sales and medical consultation services. JD Health is a subsidiary of e-commerce giant JD.com specialising in online medical consultation and pharmaceutical sales. JD.com, Inc. offers its products through its website jd.com and mobile apps, as well as directly to customers. The company has strategic cooperation agreement with Tencent Holdings Limited. Upon the promotion end date, commission waived during the promotion period will be tabulated and given in the form of trade rebate by 1 April 2021. (Agence France … However, JD Health’s rapid rise may make it vulnerable to a swift sell-off, Everbright Sun Hung Kai analyst Kenny Ng said. The Hang Seng opened lower and stayed there off -0.76%/-202 index points at 26,304. Hong Kong's Hang Seng Index was down 0.4% in early trade. [HONG KONG] JD Health International shares rose as much as 46.5 per cent above the issue price in their Hong Kong trading debut on Tuesday, following an initial public offering (IPO) that was the city’s largest of 2020. It was valued at $29 billion ahead of its trading debut. The Hang Seng grinded higher all day to close +1.04%/+240 index points at 23,476 as volume shrank -20% on the day, which is below the 1-year average. Hong Kong's Hang Seng index ended its trading day 0.56% higher at 26,819.45. JD Health's initial public offering (IPO) prospectus showed a 36% on-year growth in annual active users at 72.5 million at June-end. Xin said JD Health might spend some of the IPO … Hang Seng Index reshuffles. Chinese E-Commerce Giant JD.com to List Health Unit in Hong Kong China's second-largest e-commerce operator is spinning off its online pharmacy and health clinic JD Health in a $3.4 billion IPO. JD Health’s shares outshone the broader Hong Kong market on Tuesday, with the Hang Seng Index closing down 0.76%, its second day in negative territory. H-Share Update. The latest winner in Hong Kong's hot streak is JD Health, an online healthcare unit owned by Chinese e-commerce firm JD.com. 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