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Warm reception for JD.com ahead of its debut

 (Image source: asiatechhub.com)

As a mentioned in a previous blog posted titled “JD.com going public”, the Chinese e-retailer will make its debut today on the Nasdaq. JD.com was being liked to Amazon.com. The IPO was priced at $19 per share, which was above its expected price range of $16 to $18 per share. As a result, the IPO raised $1.78 billion on the sale of 93.7 million American Depositary shares. According to reports from CNBC, there is strong demand for JD shares. For example, orders for the retailer are 15 times oversubscribed. Investors see huge growth potential for JD.com.