JD.com considers IPO


The Chinese web store JD.com is said to be considering an IPO of its logistics branch. The company would hold discussions about this with banks, reports Reuters news agency based on sources. The IPO should yield $ 8 billion to $ 10 billion and a $ 30 billion price tag on the division.

The walk to the stock exchange should take place either in New York or Hong Kong, although timing and place of action are still being discussed. The money from the IPO is used for the further expansion of the warehouses, possibly through takeovers, according to the sources.

JD.com did not want to respond to the rumors against Reuters.

By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by lesley.woutersen@economicinform.com.

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