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JD.com stock hit a new high Tuesday as several analysts initiated coverage on the China e-commerce firm following the expiration of its post-IPO quiet period. JD.com (JD) launched its initial public offering on May 25, priced at 19, raising $1.78 billion, the third-largest IPO this year. The stock Tuesday hit a high of 31.22, then settled back below 30, up nearly 5% in midday trading on the stock market today. JD.com is China’s largest direct Scalper1 News
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