22.05.2020 19:58:00

NetEase, JD.com's Hong Kong Listings Happening in June

NetEase (NASDAQ: NTES) and JD.com (NASDAQ: JD), the two Chinese technology giants, are gearing up to list on the Hong Kong Exchange next month.NetEase will list on the Hong Kong Exchange via a secondary offering on June 11, sources told Reuters. The week after will be JD.com's turn. Combined, the two tech stocks could bring in $5 billion. NetEase is aiming to raise as much as $2 billion via the listing while JD.com could raise $3 billion, selling about 5% of its shares outstanding, reports Reuters. IMAGE SOURCE: GETTY IMAGES.Continue reading
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