JD.com raises $3.87 billion in Hong Kong secondary listing: Report

Chinese e-commerce retailer JD.com has priced its shares at HK$226 ($29.16) each and raised about $3.87 billion in its Hong Kong secondary listing, according to two people with direct knowledge of the matter.

The listing, the biggest in the city this year, comes as Chinese companies are putting off plans for U.S. listings amid mounting tensions between the world’s top two economies, while those listed in New York are seeking to return to exchanges closer to home.

JD.com, which is already listed on the Nasdaq in New York, had previously flagged it would sell 133 million shares.

Under the terms of the deal, one of JD.com’s American depository shares will be equal to two Hong Kong shares.