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JD Digits IPO terminated, Chinese stock exchange says

Credit: REUTERS/ALY SONG

China Shanghai Stock Exchange said on Friday it had terminated the planned initial offering (IPO) in JD.Com-affiliated JD Digits, which had aimed to list on the Nasdaq-style STAR Market.

Adds details

BEIJING, April 2 (Reuters) - China Shanghai Stock Exchange said on Friday it had terminated the planned initial offering (IPO) in JD.Com-affiliated 9618.HK JD Digits, which had aimed to list on the Nasdaq-style STAR Market.

The stock exchange said in a statement that it had terminated the listing review after JD Digits on Tuesday submitted a request to withdraw its public listing application.

JD.Com has said it plans to transfer JD Cloud and artificial intelligence business to its financial technology unit, JD Digits, for a combined valuation of 15.7 bln yuan ($2.40 bln).

JD.Com did not immediately respond to a request for comment.

(Reporting by Yingzhi Yang and Tony Munroe; Editing by Edmund Blair)

((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging: y.sun.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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