NAME: JD Logistics’ $3.2 billion IPO on HKEX
LAW FIRM: Han Kun Law Offices, Shihui Partners
LAWYERS: Han Kun Law Offices – Charles Li and Jin Wang
JURISDICTION: China, Hong Kong SAR
PRACTICE AREAS: Capital markets
INDUSTRY SECTORS: Consumer goods and services, Technology and telecommunications
JD Logistics’ $3.2 billion IPO on HKEX is our deal of the month for May.
Han Kun Law Offices and Shihui Partners have advised China’s leading logistics provider JD Logistics on its $3.2 billion IPO on the Hong Kong Stock Exchange. The deal is set to be the city’s second-biggest fundraising so far this year. Han Kun acted as the PRC counsel to the joint sponsors and the underwriters throughout the deal.
The Beijing-based firm plans to uses proceeds from the IPO to expand its network of over 1,000 warehouses into less-developed regions of China and potential new markets overseas on top of the $782 million it has spent on technologies upgrade between the year 2018 and 2020.
JD Logistics, the logistics unit of JD.com, is a technology-driven supply chain solutions and logistics services provider in China. It offers a full spectrum of supply chain solutions and logistics services backed by technology, including warehousing and distribution for manufactures and end customers.