bullish

JD Industrials Pre-IPO - Re-Refiling Updates - More Hits than Misses

712 Views04 Nov 2025 09:48
JD Industrial is now looking to raise about US$500m, down from earlier reported US$1bn, in its upcoming HK IPO. In this note, we talk about the updates from its recent re-filing.
What is covered in the Full Insight:
  • Introduction
  • Background and Valuation Thoughts
  • Refiling Updates and Performance
  • Client and GMV Growth Analysis
  • Earnings and Margins Trends
Boomeranged on Mon, 24 Nov 2025 16:07
JD Industrial has now filed its PHIP and could look to launch its planned US$500m IPO within the next week or two. We will take a re-look at valuations in our subsequent notes.
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