JD.com, A China E-Commerce Leader, Up In U.S. IPO

By | May 22, 2014

Scalper1 News

JD.com (JD) stock was up 16% in midday trading Thursday, marking what has so far been another successful U.S. initial public offering for a China Internet company. JD.com priced its initial public offering Wednesday evening at 19, above its expected range of 16-18, and opened at 21.75. The company raised $1.78 billion by selling 93.7 million shares. One of the largest e-commerce companies in China and similar to Amazon.com (AMZN), JD.com sells a Scalper1 News

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