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China e-commerce giant JD.com (JD) raised $1.78 billion in its initial public offering Wednesday evening, pricing above the expected range. Shares will begin trading on Thursday. JD.com sold 93.7 million shares at at 19 a share, above the predicted 16 to 18. Reports had signaled that the company’s IPO was in high demand. Its business model is similar to that of Amazon.com (AMZN), selling an enormous range of goods that it delivers. The company Scalper1 News
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