Jd health's valuation is a major upgrade.

Jd health hillhouse valuation. It also claims to be. After the completion of the transaction, jd.com will still remain the majority shareholder of jd health. 17, according to its parent company's earnings report. Jd health is hong kong’s first big tech listing since chinese regulators in november stepped in at the last minute to suspend payments business ant group’s proposed $37bn ipo, which would have been the world’s biggest.

Priced its sale of 381.9 million shares at hk$70.58 apiece, according to terms for the deal obtained by bloomberg. According to rumors, jd health plans to raise at least us$3 billion in this ipo. Priced its sale of 381.9 million shares at hk$70.58 apiece, according to terms for the deal obtained by bloomberg. And hillhouse capital management ltd.

Jd health fixed its ipo price at 70.58 hong kong dollars per share, and is scheduled to start trading dec. That startup, jd health, gained a staggering valuation of $7 billion fresh off its $1 billion series a round in november. It had 72.5 million annual active user accounts for. Jd health aims for usd28.5 billion ipo valuation ahead of listings by logistics, fintech siblings (yicai global) nov.

In less than a year, another massive check is on its way as jd health announced it has entered into a definitive agreement with private equity firm hillhouse capital, which plans to shell out over $830 million for the infant. Jd.com also announced in its earnings report that its healthcare division jd health will receive over $830 million series b preference share financing from hillhouse capital. The company plans to use the funds raised to make investments and expand its business. Shares in jd health, the healthcare unit of chinese ecommerce group jd.com, jumped as much as 53 per cent on their trading debut after the company raised $3.5bn in hong kong’s biggest initial.

The company, which sells pharmaceuticals and health services online, traded 49% higher on tuesday midnight trading, adjusting these profits slightly. 8, according to a term sheet seen by the wall street journal. Jd health said it raised more than us$830 million from private equity firm hillhouse capital group in its series b. Hillhouse invests $830m in china’s jd health.

Andy maynard, managing director at china renaissance securities in hong kong, said the deal was a “landmark transaction” and jd health’s shares could rally further. Jd health’s us$7b valuation vaults it to second spot in new global unicorns. The company is due to start trading in hong. Jd health shares jump 50% on hong kong debut after $3.5bn ipo written by luck on december 8, 2020 shares in jd well being, the healthcare unit of chinese language ecommerce group jd.com, jumped as a lot as 53 per cent on their buying and selling debut after the corporate raised $3.5bn in hong kong’s largest preliminary public providing of 2020.

In june this year, jd.com went public for the second time in hong kong, raising us$4.5 billion. According to earlier news, jd health is seeking a valuation of usd29bn in its hong kong ipo. Jd health seeks to raise us$3 billion in hk ipo jd health seeks to obtain listing approval on the hong kong stock exchange as early as next week, with a target valuation of us$20 billion. We use cookies (opens in new window) for a number of reasons, such as keeping ft sites reliable and secure, personalising content and ads, providing social media features and to analyse how our sites are used.

Shares in jd health, the healthcare unit of chinese ecommerce group jd.com, jumped as much as 34 per cent on their trading debut after raising $3.5bn in hong Shares in jd health, the healthcare unit of chinese ecommerce group jd.com, jumped as much as 34 per cent on their trading debut after raising $3.5bn in hong kong’s biggest initial public offering of 2020. According to the prospectus, jd. Tiger global and hillhouse, will.

Jd health is the largest online healthcare platform by revenue in china in 2019, recording a total revenue of 10.8 billion yuan (us$1.6 billion), according to the prospectus.

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