JD Health International, the online health care arm of JD.com (9618), has filed an application for Hong Kong initial public offering that could raise at least US$3 billion (HK$23.4 billion).
The Bejing-based company will launch an IPO as soon as December, the Wall Street Journal reported citing sources.
Its parent JD.com had raised HK$29.77 billion through a secondary listing Hong Kong in June.
JD Health recorded a net loss of 5.4 billion yuan (HK$6.14 billion) for the six months ended June 30, due to an increase in equity value.
Meanwhile, Sina Corp, owner of social media platform Weibo, will be taken private in a US$2.6 billion deal with chief executive Charles Chao Guowei, following rising tensions between the world's two largest economies. The offer price of US$43.3 per share is at an 18 percent premium to the stock's closing price on July 2, the last trading day before Sina received the preliminary offer of US$41 per share.
Sina was reportedly considering a dual listing in Hong Kong.
Four companies will start trading on the main board today. In the gray markets last night, ZTO Express (2057) rose around 7 percent, BaoZun (9991) almost ended flat, Neusoft Education Technology (9616) climbed around 8 percent, while Skymission Group (1429) inched up 0.5 percent.
In other IPO action, Weihai City Commercial Bank launches a Hong Kong IPO today to raise up to HK$3.08 billion with a minimum investment of HK$3,545.
