Chinese e-commerce player JD.com raises nearly $1.8 bn in IPO

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 U.S. 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 US market debut.
JD.com will begin trading Thursday on the Nasdaq stock market under the ticker symbol "JD."

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