JD Health International, the online health care arm of JD.com (9618), has filed an application for Hong Kong initial public offering that could raise at least US$3 billion (HK$23.4 billion). The Bejing-based company will launch an IPO as soon as December, the Wall Street Journal reported citing sources. Its parent JD.com had raised HK$29.77 billion through a secondary listing Hong Kong in June. JD Health recorded a net loss of 5.4 billion yuan (HK$6.14 billion) for the six months ended June 30, due to an increase in equity value. In other IPO action, Weihai City Commercial Bank launches a Hong Kong IPO today to raise up to HK$3.08 billion with a minimum investment of HK$3,545.

Source: The Standard September 28, 2020 19:22 UTC