OFF INTO THE WILD WET YONDER How does this...
Largest Ever IPO by Chinese Company
JD.com, Inc., a Chinese online direct sales company with a similar business model to Amazon.com, recently just scored the largest initial public offering (IPO) by a Chinese company in the United States… ever!
The online retailer listed on the Nasdaq, issuing 93.685 million ADS (American Depositary Shares) priced at US$19 a share, totaling US$1.78 billion.
Investors seeking to jump on board China’s ever increasing e-commerce market snapped up shares that opened at US$21.75 and spiked as high as US$22.55. The opening was 14.5% higher than its IPO price, while the closing wasn’t as impressive when it finally settled in at US$20.90 a share after the day’s trading.
About Michael MusashiNumber of Posts: 187
Has been living and working in Asia for the past 20 years. Currently resides in Kuala Lumpur, but prior to that Tokyo for 12 years and Guam for 3 years. Enjoys the many different cultures, cuisines, and landscapes that the continent has to offer. Experience as a financial services representative, FX sales trader, and hedge fund director of business development has given him an insider's perspective on the markets and the industry. Investor and "serial entrepreneur" who thoroughly enjoys business and finance, and also a bit of an adventure sports fanatic who loves to try new sports, hobbies, and adventures.