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JD.com Stock Rises on IPO Speculation for Industrial Subsidiary
JD.com Stock Rises on IPO Speculation for Industrial Subsidiary
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BTCCSquare news:
JD.com shares gained 3% in early trading Monday as investors reacted to reports of an impending Hong Kong IPO for its industrial services unit, JingDong Industrials. The subsidiary aims to raise $500 million in a late October listing, with Haitong and Huatai among the underwriters.
The MOVE comes amid broader market optimism, with U.S. indices and Chinese ADRs showing strength. JD.com's valuation metrics—trading at just 10 times earnings and 0.3 times sales—remain attractive compared to e-commerce peers, suggesting room for further upside.
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