Transaction Overview
JD.com, Inc. (“JD.com” or “the Company”, 9618.HK), is successfully listed on the Hong Kong Stock Exchange on June 18, 2020. CMBI acted as Joint Bookrunner and Joint Lead Manager for this listing.
JD.com is a leading technology driven e-commerce company transforming to become a leading supply chain-based technology and service provider. JD.com generated total net revenues of RMB362.3 billion, RMB462.0 billion and RMB576.9 billion (US$82.9 billion) in 2017, 2018 and 2019, respectively. JD.com incurred net losses from continuing operations of RMB19 million and RMB2,801 million in 2017 and 2018, respectively, and generated net income from continuing operations of RMB11,890 million (US$1,708 million) in 2019.
JD.com is the largest retail company in China by total revenues in 2019, according to Fortune Global 500. JD.com’s scale and market leadership are built upon the competitive edge in customer experience and operational efficiency, as well as the commitment to strategically invest in technology and logistics infrastructure for the long term.
JD.com issued 133,000,000 new shares (assuming the Over-allotment Option is not exercised), and the offering price was set at HK$226.00, and the offering amount was approximately HK$30.1 billion or US$3.9 billion (assuming the Over-allotment Option is not exercised). The offering has been widely recognized by international and domestic investors, and over-subscribed in International Offering and Hong Kong Offering. The International Offering has been multiple times subscribed and Hong Kong Public Offering has been approximately 180 times subscribed.
Acting as the Joint Bookrunner and Joint Lead Manager, CMBI has made important contributions to the successful listing of JD.com in deal execution, marketing and sales. CMBI leveraged on China Merchants Bank's strong private banking network to introduce a large number of domestic high-net-worth investors' orders, enriched the investor base and enhanced the popularity of the issuance.
Source: Prospectus and Company Announcement
Disclaimer
This material is for reference only. Investor should rely only on the information contained in the Prospectus of this Global Offering to make investment decision.
