Bloomberg: JD’s shares in dark trading, institutional investor selling premium bid

Institutional investors are bidding for JD.com shares at slightly higher than the offering price ahead of jd.com’s second listing in Hong Kong on Friday,media reported today. Some institutional investors bid for JD.com shares in dark trading on Wednesday for HK$226.10 to HK$237 a share, the person said. This represents a maximum premium of 4.9 per cent compared to the offering price of HK$226.

Broker’s offer ranges from HK$239 to HK$245 a share, according to people familiar with the matter.

Bloomberg: JD's shares in dark trading, institutional investor selling premium bidBloomberg: JD's shares in dark trading, institutional investor selling premium bid

JD.com listed on NASDAQ in 2014 and will be traded in Hong Kong for a second time on June 18. JD.com shares rose 2.5 percent in U.S. trading on Tuesday. HKEx has announced that JD.com Futures and Options will be launched on the same day as JD.com’s listing date on June 18, 2020.

Last week, JD.com raised $3.9bn from the sale of 133m new shares in Hong Kong, making it the world’s second-largest listing this year. NetEase, another Chinese internet company, successfully made a second listing in Hong Kong last week, stradding up 4.1 per cent in day-to-day trading. Before going public, NetEase also won a premium bid in dark trading.

Hong Kong became the world’s largest listing site last year, analysts said, and the Hong Kong IPO market was relatively depressed at the start of the year as a result of the outbreak. But with the second listing of companies such as NetEase and JD.com, the market has suddenly come back to life.