 "JD Health International seeks $3.5 billion in Asia’s biggest health IPO")
JD Health International Inc, a major Chinese online healthcare platform, is seeking to raise up to $3.5 billion in what is set to be Hong Kong's biggest initial public offering of the year, a term sheet showed.
The deal which could value the unit of e-commerce giant JD.com at nearly $29 billion when a greenshoe option is included comes during a good year for China's healthcare platforms which have seen their popularity surge in the wake of the coronavirus.
By comparison, its biggest competitor, Alibaba Health Information Technology, has a market capitalisation of around $34.6 billion.
JD
The deal which could value the unit of e-commerce giant JD.com at nearly $29 billion when a greenshoe option is included comes during a good year for China's healthcare platforms which have seen their popularity surge in the wake of the coronavirus.
By comparison, its biggest competitor, Alibaba Health Information Technology, has a market capitalisation of around $34.6 billion.
JD
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