JD.com IPO priced above range at $19 - underwriters

Wed May 21, 2014 6:03pm EDT

May 21 (Reuters) - China's second-largest e-commerce company JD.com's initial public offering was priced above the expected range at $19, underwriters said.

The IPO raised $1.78 billion from the sale of 93.7 million American Depositary Shares (ADSs).

The ADSs were expected to be priced between $16 and $18 per ADS.

Shares of JD.com are expected to start trading later on Thursday on the Nasdaq.

BofA Merrill Lynch and UBS Investment Banker were the lead underwriters for the IPO.

(Reporting by Amrutha Gayathri in Bangalore; Editing by Sriraj Kalluvila)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.