|Bid||27.31 x 800|
|Ask||27.93 x 800|
|Day's Range||27.62 - 28.56|
|52 Week Range||11.53 - 30.12|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||58.59|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chinese online discount retailer Vipshop Holdings Ltd has mandated three investment banks to carry out a secondary listing in Hong Kong in the second half of 2021, according to two sources with direct knowledge of the matter. Goldman Sachs, JPMorgan and Morgan Stanley have started work on the deal, the people said. Goldman Sachs, JPMorgan and Morgan Stanley all declined to comment.
The stock market rebounded into the close Friday, as the Nasdaq composite and S&P 500 made record highs.
JD.com is the IBD Stock Of The Day, as the China e-commerce company jumped into a buy zone Tuesday and also hit a record high while getting its price target raised by a Wall Street analyst.