Skip to main content

Market Overview Shares Surge In Hong Kong Debut

Share: Shares Surge In Hong Kong Debut

The shares of Inc. (NASDAQ: JD) were trading 3.54% higher in its Hong Kong debut at press time on Wednesday.

What Happened

The Chinese e-commerce company had raised nearly $3.9 billion (HKD 30 billion) in its secondary public offering in the autonomous city last week, selling 133 million shares priced at $29.16 each. shares were trading at approximately $30.27 in Hong Kong at press time.

The Alibaba Group Holding Ltd. (NYSE: BABA) competitor is listing in a secondary market against a backdrop of rising tensions between the United States and China.

The U.S. Senate last month passed a bill that threatens Chinese companies with delisting at the country's exchanges if they can't establish that they aren't owned or controlled by a foreign government.

Exchange desks, including the Nasdaq Stock Market, have also reportedly tightened listing rules for Chinese companies, in the aftermath of the Luckin Coffee (NASDAQ: LK) securities fraud discovery.

Price Action shares closed nearly 1.7% higher in New York at $62.01 on Wednesday. The shares were down 0.3% in the after-hours session.


Related Articles (JD)

View Comments and Join the Discussion!

Posted-In: China e-commerce Hong KongNews Global Markets General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at