Jingdong Industrials is making its third attempt to launch an initial public offering in Hong Kong, following a second failed bid in September 2024, The Standard reported Monday.
The industrial supply chain technology service provider resubmitted an IPO application to the Hong Kong Exchange on March 30, as seen on the bourse's website.
The overall coordinator announcement states that the JD.com (HKG:9618) subsidiary tapped Merrill Lynch, Goldman Sachs, Haitong International, and UBS as coordinators.
Established in 2017, Jingdong Industrials claims to be the biggest service provider in China's industrial supply chain technology and service sector based on gross merchandise value.
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