|Bid||25.16 x 800|
|Ask||26.50 x 1100|
|Day's range||25.61 - 25.66|
|52-week range||20.28 - 26.55|
|Beta (5Y monthly)||1.55|
|PE ratio (TTM)||12.33|
|Forward dividend & yield||1.55 (6.04%)|
|Ex-dividend date||30 Sep 2020|
|1y target est||N/A|
(Bloomberg) -- JD Health has selected banks for its planned Hong Kong initial public offering, which it could file for as soon as this month, according to people familiar with the matter.The online health care unit of China’s No. 2 e-commerce giant JD.com Inc. has picked advisers including Bank of America Corp. and UBS Group AG to work on the listing, the people said. JD Health aims to raise at least $1 billion from the share sale, the people said, asking not to be identified as the matter is private.Details of the offering including the size and timeline are subject to change, they said. A representative for JD didn’t respond to requests for comment. Representatives for Bank of America and UBS declined to comment.Health care companies in Asia have embarked on a record wave of fundraising as the sector enjoys buoyant valuations thanks to surging investor demand. Hong Kong has seen a parade of biotech firms go public in the city and individual investors have at times put in so many orders than institutional buyers struggled to get their hands on the stocks.Some $12.7 billion has been raised by health-care companies through first-time share sales in Asia this year, higher than full-year tally of any of the past 12 years, data compiled by Bloomberg show. U.S.-traded JD.com raised about $4.5 billion through a second listing in Hong Kong in June.(Updates with bank mandates in first two paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- SoftBank Group Corp.’s sale of 1.24 trillion yen ($11.8 billion) of stock in its domestic wireless arm met with robust demand from overseas and Japanese financial institutions, as well as individual investors in Japan, according to people familiar with the matter.Foreign and domestic institutional investors sought more than five times as many shares than were for sale, said people involved in coordinating the transaction, who asked not to be identified because the information isn’t public. Demand from retail investors also exceeded the shares allocated.The transaction, Japan’s biggest secondary share sale in two decades, is among the latest in a frenzy of deals unleashed by SoftBank founder Masayoshi Son as the company looks to refill its coffers amid the continuing coronavirus pandemic. Son has already offloaded $13.7 billion of Alibaba Group Holding Ltd. stock and a stake in T-Mobile US Inc. for about $20 billion. It also recently agreed to sell Arm Ltd. to Nvidia Corp. for about $40 billion. SoftBank is using some of the proceeds to pay down debt and is mid-way through a record 2.5 trillion yen of stock repurchases.The Japanese firm earlier this week said it will sell SoftBank Corp. shares at 1,204.50 yen apiece, disposing about a third of its stake. SoftBank Corp.’s shares have climbed almost 3% since the announcement.Nomura Holdings Inc., Daiwa Securities Group Inc., Mizuho Financial Group Inc., Merrill Lynch Japan Securities Co. and JPMorgan Chase & Co. are the global coordinators on the deal. Nomura underwrote 35% of the domestic stock, followed by Daiwa with 30% and Mizuho’s 15%, according to the people. Overseas, Nomura, Bank of America Corp. and JPMorgan had a 20% share each. The underwriters received 21.6 billion yen in fees, according to a spokesperson for SoftBank.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
STAMFORD, Conn., Sept. 16, 2020 (GLOBE NEWSWIRE) -- KlaymanToskes (“KT”) announces that it recently filed a claim for breach of fiduciary duty seeking $1,000,000 against Merrill Lynch (NYSE: BAC) and RBC Capital Markets (“RBC”) on behalf of investors who had discretionary accounts mishandled by Joseph Ijong Chu (“Chu”). A discretionary account is one that allows an authorized broker, in this case Chu, to buy and sell securities without client consent on each trade and is based on a client consent granting this authorization in writing. This type of relationship is especially one of trust. According to the claim, the investors gave Chu discretion to invest their hard-earned savings in safe, low-risk investments. Instead, Chu concentrated a substantial portion of the investors’ assets, approximately 83%, into the volatile Energy and Materials sectors, which was unsuitable. The claim alleges that both Merrill Lynch and RBC failed to supervise this conduct, leading to significant losses. Customers with discretionary accounts are owed fiduciary duties, and financial advisors are required to conduct business with utmost good faith and integrity which continues beyond the initial purchase. Advisors with discretion must monitor account holdings and the account progress to determine if a given investment/strategy remains suitable for an investor. It is then part of a firm’s supervisory role to review discretionary accounts to determine if they are properly managed.The sole purpose of this release is to investigate on behalf of our clients who held discretionary accounts with Chu at Merrill Lynch and RBC. If you held discretionary accounts serviced by Chu at Merrill Lynch and/or RBC and you have information relating to the management and supervision of your accounts, you are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.About KlaymanToskesKT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. KT has recovered more than $190 million for investors in arbitration and more than $300 million as counsel in investor class actions. KT has office locations in California, Florida, New York, and Puerto Rico.Destination: Contacts: https://klaymantoskes.com/attention-customers-with-accounts-serviced-by-financial-advisor-joseph-ijong-chuKlaymanToskes Lawrence L. Klayman, Esq., (561) 542-5131 firstname.lastname@example.org www.klaymantoskes.com