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(Yicai Global) June 12 -- Chinese e-commerce giant JD.Com raised HKD30.1 billion (USD3.9 billion) from its Hong Kong share offer, making it the world's second largest so far this year, according to the Hong Kong Economic Journal.
The subscription period for the 133 million shares, about 4.3 percent of JD’s enlarged share capital, ended yesterday. They were priced at HKD226 (USD29.20) apiece, a 3.9 percent discount on the closing price of its Nasdaq-listed stock on June 10, and were oversubscribed nearly 180 times.
As the over-enrollment was more than 100 times, the amount of stock on offer to individuals will jump to 12 percent from 5 percent. Originally, some 95 percent of the equity was available to international investors.
Beijing-Shanghai High-Speed Railway raised USD4.3 billion in Shanghai in January, making it the world’s biggest share sale to date this year.
When JD.Com's new stock starts trading on June 18, the Hong Kong Stock Exchange will launch futures, options, and warrants related to the Beijing-based online marketplace's shares. The day is meaningful for the company on many levels as it also marks its mid-year shopping festival, 618.
Editor: Emmi Laine