The logistics unit of Chinese e-commerce company JD.com Inc has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuters. JD Logistics is targeting a valuation of at least $30 billion, according to the people, who declined to be named as the information is confidential. The unit is expected to select banks for the initial public offering (IPO) in the second quarter of next year and will use the funds for warehouse expansion and potential acquisition purposes, one person …read more
Source:: Yahoo Finance
