JD Logistics said to raise $3.16b in HK IPO

JD Logistics said to raise $3.16b in HK IPO

JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering (IPO), two people with direct knowledge of the matter said.