Hong Kong IPOs Offer Top Chinese Tech Firms A Path Back Home
(L-R) The Hong Kong Exchanges flag, Chinese national flag and Hong Kong flag are hoisted outside the Hong Kong Stocks Exchange in Hong Kong June 7, 2016. REUTERS/Bobby Yip
Hong Kong’s biggest IPO so far this year will wrap up on Thursday when shares of e-commerce giantJD.com Inc. make their trading debut. The $3.9 billion listing will be the third in the city by a major Chinese internet company that is already listed in New York. JD.com rival Alibaba led the group with its groundbreaking $12.9 billion Hong Kong listing last November, followed by NetEase’s $2.7 billion Hong Kong trading debut last week.
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