JD stock sale helps illuminate China’s have-nots

So-Young International

05/06/2020 05:19

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Alec Macfarlane
    HONG KONG, June 5 (Reuters Breakingviews) - The $70 bln
Beijing-based online retailer will be next with a second
listing, in Hong Kong. Others are bound to follow, but not all
175 trading on New York exchanges can access this safety valve
from a U.S. backlash. Some may need to go private and hibernate
for a while. 
    Full view will be published shortly.
    On Twitter https://twitter.com/AlecMac11

    CONTEXT NEWS
    - Chinese e-commerce company JD.com on June 5 filed for a
secondary listing in Hong Kong. 
    - JD plans to raise about $3 billion, Refinitiv publication
IFR reported on June 5, citing people close to the deal.
    - Pricing is scheduled on June 11, the report said, adding
that the shares will begin trading on June 18.
   - Bank of America, UBS and Citic Securities are sponsoring
the deal. 
    - For previous columns by the author, Reuters customers can
click on  MAC/ 
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    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
JD.com, NetEase clear HK listing hearings - IFR News   
 urn:newsml:reuters.com:*:nL4N2DB17W
BREAKINGVIEWS - NetEase fortifies itself against global disarray
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BREAKINGVIEWS - Index makeover sets fresh benchmark for Hong
Kong     urn:newsml:reuters.com:*:nL4N2D20BT
BREAKINGVIEWS - China’s JD flexes virus muscle memory   
 urn:newsml:reuters.com:*:nL4N2CV0AN
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 (Editing by Jeffrey Goldfarb and Sharon Lam)
 ((alec.macfarlane@thomsonreuters.com; Reuters Messaging:
alec.macfarlane.thomsonreuters.com@reuters.net))