Business Magazine Prices Offering Above Expectations At $19

Posted on the 21 May 2014 by Worldwide @thedomains Inc.’s IPO priced above expectations Wednesday selling 93.7 million American depositary shares for $19 a piece, raising $1.8 billion. is set to open on the Nasdaq Stock Market Thursday under the symbol “JD.” starts off life as U.S. stock amid strong investor skepticism when it comes to shares of fast-growing technology companies.

The Nasdaq Internet Index has tumbled 8% this year, on the heels of a 65% rally in 2013. Inc.,’s U.S.-based peer, has seen shares slide 24% in 2014. The offering was slated to be the largest U.S. tech IPO since the November debut of Twitter Inc., which has seen its stock drop 50% year-to-date. revenue rose 68% to 69 billion Chinese yuan in 2013-or $11.5 billion, though it hasn’t posted an annual profit since at least 2009.”


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