Jingdong Logistics Is Preparing For An IPO In 2021, With A Valuation Of About $40 Billion

On November 24, according to media reports, JD logistics is currently preparing for an IPO in 2021, with a valuation of about $40 billion.

According to the media, Jingdong group recently released the third quarter of 2020 financial report, as of September 30, 2020, Jingdong Logistics and other services revenue was about 10.403 billion yuan, a year-on-year increase of 73%. During the reporting period, JD logistics operated more than 800 warehouses, including the cloud warehouse area managed by JD logistics, with a total storage area of about 20 million square meters.

According to the financial report, in October, with the approval of the company's board of directors and the board of directors of Jingdong Logistics and Jingdong health, Jingdong Logistics and Jingdong health respectively granted options to Mr. Liu qiangdong, chairman and CEO of the company's board of directors, to purchase 99186705 ordinary shares of Jingdong Logistics respectively according to the existing equity incentive plans of Jingdong Logistics and Jingdong health And 53042516 ordinary shares of JD health (collectively referred to as the "grant").

The grant of JD logistics and JD health must comply with the six-year vesting period, which accounts for about 2% of the issued and circulating shares of JD logistics and JD health respectively as of October 31, 2020. As of October 31, 2020, Jingdong Logistics and Jingdong health have granted their respective senior managers, employees and consultants with unexerched options. If the options are exercised, they can obtain more than 450 million and 90 million ordinary shares of Jingdong Logistics and Jingdong health respectively as an incentive.

It is worth mentioning that the IPO target value of Jingdong health Hong Kong is 29 billion US dollars. The Hong Kong Economic Daily said it would offer shares on Thursday and list on December 8.

As of the end of November 23, the share price of Jingdong US shares fell 0.21% to 87.56 US dollars / share, with a total market value of 136.168 billion US dollars. As of press release, Jingdong Hong Kong shares were at HK $347.2 per share, an increase of 0.75%, with a total market value of HK $1073 billion.