NEW YORK: Chinese e-commerce firm JD.com Inc’s has priced its US IPO above the marketing range to raise US$1.78bil, pointing to strong demand for bigger rival Alibaba Group Holding Inc upcoming mega float.
Loss-making JD.com, backed by Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Co, is set to debut on Nasdaq in what would be the biggest listing of a Chinese company in the United States.
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