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Strategies & Market Trends : Greater China Stocks

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From: Glenn Petersen	5/21/2014 6:46:51 PM
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JD.com, a Chinese E-Commerce Retailer, Raises Nearly $1.8 Billion in I.P.O. By MICHAEL J. DE LA MERCED DealBook New York Times May 21, 2014 6:04 pm JD.com, a major Chinese online retailer, raised $1.78 billion in its initial public offering, beating expectations for the company’s eagerly awaited stock sale. Underwriters for JD.com priced the offering at $19 per American depositary share, a dollar above the high end of its anticipated price range. That values the company at about $25.7 billion. The company’s offering has been closely watched as a potential indication of how an even bigger Chinese company — the Alibaba Group, an enormous Internet conglomerate — will do when it makes its own market debut in the United States. JD.com will begin trading Thursday on the Nasdaq stock market under the ticker symbol “JD.” Its offering was led by Bank of America Merrill Lynch and UBS. dealbook.nytimes.com

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