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JD.com going public this week

 (Image source: chinadaily.com)

The Chinese e-retailer company JD.com will go public this week on the NASDAQ under the ticker symbol JD. The IPO priced at a range of $16-$18 per American depository share. American depository shares are foreign shares denominated in U.S. equity shares. A total of 93.7 million American depository shares were issued. For fiscal year 2013, JD had sales of $11.1 billion.