China’s e-commerce giant reported sales of 239.2 billion yuan ($33.8 billion) since its “618” sales kicked off on Jun 1, up 20% y-o-y, despite the impact of COVID19.
JD.com (9618), China’s second-largest e-commerce company, was trading a premium of 6 percent in gray markets last night ahead of its Hong Kong market debut, meaning investors could make a paper gain of around HK$678 per lot.
The Nasdaq-listed company has raised HK$29.77 billion after pricing its secondary listing at HK$226 apiece. The retail portion of the deal was oversubscribed by 178 times, with more than 396,000 investors placing orders. That means retail investors who subscribed 40 board lots of new shares could allot one board lot at average.