Chinese ecommerce group JD.com jumped almost 6 per cent on its trading debut in Hong Kong after raising nearly $4bn in the second-largest share sale globally this year.
The online retail group’s stock gained as much as 5.8 per cent in early trading on Thursday to reach HK$239 ($30.84) per share.
JD.com had raised $3.9bn earlier this month through the secondary sale of 133m new shares at an offer price of HK$226 each. The value of the fundraising could increase to $4.3bn if bankers execute a so-called green shoe option to increase the deal’s size.
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