news on JD
JD.com (Nasdaq: JD), China's second-largest online retailer, has reportedly approached several major investment banks to arrange an IPO in Hong Kong. And it could take place before July.
The company has neither confirmed nor denied this yet. But I think it's only a matter of time.
JD.com has seen how successful Alibaba's secondary listing turned out, raising $12.9 billion for the e-commerce giant. And it has another major incentive to seek a dual-listing in Hong Kong... It opens the door for mainland Chinese investors to buy shares down the road.
As we've mentioned before, the current rules still prohibit mainland Chinese investors from buying dual-listed companies through the Stock Connect program. But it's only a matter of time before that changes. And when that happens, it's going to start a buying frenzy in the market for these homecoming stocks... the likes of which we've never seen.