JD.com to Spin Off Healthcare Unit in Hong Kong IPO

Chinese e-commerce giant JD.com (NASDAQ: JD) will spin off its massive JD Health subsidiary in an initial public offering (IPO), the company has revealed in a tersely worded regulatory filing. It will list its shares on the Main Board of the Hong Kong Stock Exchange.

The company has not yet set the timing for the Hong Kong IPO or the subsequent listing. It says both will depend on market conditions, in addition to other considerations. It also hasn't stated how many shares it will sell, and at what price or range.

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Source Fool.com