Morgan Stanley plans to close its Indonesian onshore institutional equities trading business, the investment bank said on Thursday in response to Reuters queries.
JD Logistics shares soar 14% in Hong Kong debut
By Scott Murdoch and Donny Kwok
Reuters
HONG KONG (Reuters) -JD Logistics Inc s shares soared 14% in their stock market debut on Friday, a strong start for what is only the third mega listing in Hong Kong so far this year.
Shares of the subsidiary of Chinese e-commerce company JD.com opened at HK$46.05 compared to the HK$40.36 price in their initial public offering (IPO). The city s benchmark Hang Seng Index was up 0.36%.
JD Logistics raised $3.2 billion in its IPO, the second largest in Hong Kong in 2021 and only the third to raise more than $1 billion in the city this year.
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