Alibaba rival JD.com sets IPO price range at $16-$18/ADS

Fri May 9, 2014 5:30pm EDT

May 9 (Reuters) - JD.com, China's second-largest e-commerce company behind Alibaba Group Holding Ltd, said it expects to price its offering of 93.7 million American depositary shares at $16-$18 per share.

The company's IPO is expected to raise $1.69 billion, at the higher end of the expected price range. (r.reuters.com/suw29v) (Reporting By Neha Dimri in Bangalore; Editing by Joyjeet Das)

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