Workers sort out packages for delivery at JD's Yizhuang Smart Delivery Station in Beijing on Wednesday, November 11, 2020. Photo: Simon Song. Workers sort out packages for delivery at JD's Yizhuang Smart Delivery Station in Beijing on Wednesday, November 11, 2020. Photo: Simon Song.
Workers sort out packages for delivery at JD's Yizhuang Smart Delivery Station in Beijing on Wednesday, November 11, 2020. Photo: Simon Song.
IPO

JD Logistics’ shares debut with premium in Hong Kong as investors eye IPO turning point after Baidu and Bilibili fumble

  • Shares began trading at HK$46.05, a premium of 14.1 per cent to offering price of HK$40.36, before closing with a 3.3 per cent gain
  • Initial listing premium was a stark contrast to the fate of Baidu and Bilibili, which immediately flopped and tumbled thereafter

Topic |   IPO
Workers sort out packages for delivery at JD's Yizhuang Smart Delivery Station in Beijing on Wednesday, November 11, 2020. Photo: Simon Song. Workers sort out packages for delivery at JD's Yizhuang Smart Delivery Station in Beijing on Wednesday, November 11, 2020. Photo: Simon Song.
Workers sort out packages for delivery at JD's Yizhuang Smart Delivery Station in Beijing on Wednesday, November 11, 2020. Photo: Simon Song.
READ FULL ARTICLE