HONG KONG (Reuters) - Chinese e-commerce retailer JD.com JD.O is pressing ahead with plans for a secondary listing in Hong Kong within the next few months despite the coronavirus pandemic still roiling financial markets, said sources with direct knowledge of the matter.
The Nasdaq-listed company has confidentially made an application to the Hong Kong Stock Exchange to list as soon as June, in a deal that could raise at least $3 billion, which would be the largest equity capital market transaction in Hong Kong this year, they said.
A JD.com spokeswoman declined to comment. The sources did not want to be identified as the information has not been made public.
The Beijing-headquartered company has a $64 billion market capitalisation, according to Refinitiv data based on its most recent closing share price.
Its shares closed at $43.58 in New York on Tuesday.
A secondary listing of the company would provide a boost for Hong Kong's capital markets which have suffered a marked slowdown in big ticket deals since Alibaba's 9988.HK $13 billion transaction in November last year.
Reporting by Scott Murdoch and Kane Wu in Hong Kong; Additional reporting by Yingzhi Yang in Beijing; Editing by Muralikumar Anantharaman and Clarence Fernandez
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