Jd Health Hillhouse Valuation

Priced its sale of 381.9 million shares at hk$70.58 apiece, according to terms for the deal obtained by bloomberg.

Jd health hillhouse valuation. We use cookies (opens in new window) for a number of reasons, such as keeping ft sites reliable and secure, personalising content and ads, providing social media features and to analyse how our sites are used. In june this year, jd.com went public for the second time in hong kong, raising us$4.5 billion. Jd.com also announced in its earnings report that its healthcare division jd health will receive over $830 million series b preference share financing from hillhouse capital.

The stock offering will give jd health a valuation of up to $28.5 billion ahead of a listing on dec. The company plans to use the funds raised to make investments and expand its business. Tiger global and hillhouse, will.

Hillhouse invests $830m in china’s jd health. In less than a year, another massive check is on its way as jd health announced it has entered into a definitive agreement with private equity firm hillhouse capital, which plans to shell out over $830 million for the infant. Shares in jd health, the healthcare unit of chinese ecommerce group jd.com, jumped as much as 34 per cent on their trading debut after raising $3.5bn in hong kong’s biggest initial public offering of 2020.

Shares in jd health, the healthcare unit of chinese ecommerce group jd.com, jumped as much as 34 per cent on their trading debut after raising $3.5bn in hong Jd health fixed its ipo price at 70.58 hong kong dollars per share, and is scheduled to start trading dec. After the completion of the transaction, jd.com will still remain the majority shareholder of jd health.

Jd health is hong kong’s first big tech listing since chinese regulators in november stepped in at the last minute to suspend payments business ant group’s proposed $37bn ipo, which would have been the world’s biggest. The company, which sells pharmaceuticals and health services online, trimmed those gains to trade 24 per cent higher in morning […] Shares in jd health, the healthcare unit of chinese ecommerce group jd.com, jumped as much as 53 per cent on their trading debut after the company raised $3.5bn in hong kong’s biggest initial.

8, according to a term sheet seen by the wall street journal. Andy maynard, managing director at china renaissance securities in hong kong, said the deal was a “landmark transaction” and jd health’s shares could rally further. Jd health’s us$7b valuation vaults it to second spot in new global unicorns.