Skadden Advises On JD Logistics, Inc.’s US$3.2 Billion Hong Kong IPO.

28 May 2021

 

Skadden advised JD Logistics, Inc. ("JDL"), a subsidiary of JD.com, Inc., in its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. JDL is the leading technology-driven supply chain solutions and logistics services provider in China. JDL offered 609,200,000 shares at US$5.19 (HK$40.36) per share, for a total offer value of approximately US$3.2 billion (HK$24.6 billion), without giving effect to the underwriters' overallotment option. Trading commenced on May 28, 2021.

 

Skadden has advised JD.com and its affiliated companies on their capital markets transactions for many years, including JD.com's US$2.05 billion initial public offering and listing on Nasdaq in 2014, and US$4.3 billion secondary listing on the Hong Kong Stock Exchange in June 2020, which was the largest listing in Hong Kong in 2020. Skadden also advised JD.com's subsidiary JD Health International, Inc. in its US$3.47 billion initial public offering and listing in Hong Kong in December 2020, which was the second largest listing in Hong Kong in 2020.

 

The Skadden team was led by partners Julie Gao, Paloma Wang and Shu Du, with associates Ming Kong, Martina To, Gabriel Lee, Paul Lau, Tianze Ma and Mingkun Ding, international legal consultants Xin Yan and Ryann An, and trainee solicitors Shu Fei (Marie) Lim and Claudia Quek. All attorneys are based in Hong Kong, Beijing or Shanghai.