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<IPO>JD INDUSTRIALS IPO Starts Tdy w/ Entry Fee ~HKD3,131, Introducing 7 Cornerstone Investors
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JD INDUSTRIALS (07618.HK), a spin-off of JD-SW (09618.HK), has initiated its IPO in Hong Kong. It plans to offer over 211 million shares globally, with 10% (21.121 million shares) for the Hong Kong public offering and 90% (over 190 million shares) for the international offering.

The offer price ranges from HKD12.7 to HKD15.5 per share, aiming to raise up to around HKD3.273 billion. The entry fee for a board lot of 200 shares is around HKD3,131.26.

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The IPO period starts today (3rd) and ends next Monday (8th) at noon, with pricing expected next Tuesday (9th) and listing next Thursday (11th).

JD INDUSTRIALS has introduced seven cornerstone investors for its IPO, namely M&G Investments, CPE Investment, Anatole Investment Management, IvyRock Asset Management (HK), CoreView Capital Management, Schonfeld Strategic Advisors, and Burkehill Global Management, LP. They have collectively subscribed for shares worth around USD170 million, involving around 93.8718 million shares (about 44.4% of the shares offered) based on the median offering price.
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