JD.com officially listed on the Hong Kong Stock Exchange today at HK$226 under the code “9618.HK”, up 5.75 per cent at HK$239 at the opening day of the listing, giving JD.com a market capitalisation of HK$743.262 billion at the opening price. Earlier, some institutional investors bid for JD.com shares in dark trading on Wednesday for HK$226.10 to HK$237 a share, according tomedia reports.
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.
JD.com, which listed on Nasdaq in 2014, last week raised $3.9 billion in 133 million new shares in Hong Kong, making it the world’s second-largest listing this year.
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.