Shanghai Stock Exchange Accepts JD.com Fintech Affiliates IPO Application

A JD.com sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/Files

Shanghai‘s stock exchange on Friday accepted JD.com Inc’s fintech affiliate’s application for a listing on its Nasdaq-stlye STAR Market.

Jingdong Digits Technology Holding Co Ltd, also known as JD Digits, plans to raise about 20 billion yuan ($2.93 billion) from the offering to replenish capital and to invest in areas such as big data, artificial intelligence and cloud computing, it said in a regulatory filing.

The company has not yet disclosed details about the pricing of its shares.

Guotai Junan Securities are among the underwriters for the offering.

Reuters

 

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