JD Logistics shares to rise 14% in Hong Kong IPO debut

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HONG KONG (Reuters) – JD (NASDAQ:JD) Logistics Inc shares are set to open up 14% from their HK$40.36 issue price as the company debuts on the Hong Kong Stock Exchange on Friday.

The JD.com subsidiary raised $3.16 billion in its initial public offering which was the second largest IPO in Hong Kong in 2021.