Skadden, Arps, Slate, Meagher & Flom and Cleary Gottlieb Steen & Hamilton have the lead roles on China-based JD Logistics Inc.’s $3.2 billion initial public offering on the Hong Kong Stock Exchange.

The logistics arm of Chinese ecommerce giant, the issuer raised $3.2 billion in the second largest listing Hong Kong has seen in 2021 after short video app developer Kuaishou Technology’s $5.4 billion debut in February.