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Chinese online retailer JD.com sets terms for $1.6 billion IPO

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JD.com, the largest online direct sales company in China by transaction volume, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $1.6 billion by offering 93.7 million shares (26% insider) at a price range of $16 to $18. At the midpoint of the proposed range, it would command a fully diluted market value of $23 billion.

JD.com, which was founded in 2004 and booked $11.4 billion in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol JD. BofA Merrill Lynch, UBS Investment Bank, Allen & Company, Barclays, China Renaissance and Jefferies are the joint bookrunners on the deal. It is expected to price the week of May 19, 2014.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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