Jingdong Industrials Seeks Up to $424 Million in Hong Kong IPO

JD.com Inc.’ssupply-chain technology unit has started taking investor orders for a Hong Kong initial public offering that may raise as much as HK$3.3 billion ($424 million), capping more than two years of efforts to go public.

Jingdong Industrials Inc. is offering 211 million shares at HK$12.70 to HK$15.50 each, according to a filing to the Hong Kong stock exchange Wednesday. The Beijing-based company is set to list its shares on Dec. 11.

Jingdong Industrials is among the last wave of companies driving Hong Kong’s hot IPO market this year, which is on track to see listing proceeds closing at ...