JD.com Industrial's prospectus has finally been filed after three submissions over two years

After two and a half years, JD Industrials' Hong Kong IPO plan has been filed with the China Securities Regulatory Commission (CSRC). On September 23, news emerged that the CSRC recently issued a notice regarding the overseas issuance and listing filing for JINGDONG Industrials, Inc. JD Industrials plans to issue no more than 253 million ordinary shares and list on the Hong Kong Stock Exchange. Considered one of the "most secretive unicorns" under JD, JD Industrials is backed by star investors such as Sequoia China and has also attracted interest from "Middle Eastern consortiums." However, JD Industrials' path to listing has been fraught with challenges. Reporters from the Daily Economic News noted that JD Industrials first submitted its application to the Hong Kong Stock Exchange in March 2023, followed by an IPO filing with the CSRC the next month, after which the prospectus became invalid. In September 2024, JD Industrials' Hong Kong IPO was restarted, and the prospectus was updated in March this year. With this approval for listing on the Hong Kong Stock Exchange, if the listing is successful, JD Industrials will become the sixth publicly listed platform following JD Group, Dada Group, JD Health, JD Logistics, and Deppon Logistics. Meanwhile, JD Industrial's counterpart, JD Industrial Development, which also submitted its application at the same time, is still in the queue