JD surges 20% in debut after raising $1.78 bln in IPO - JD Inc. - TopicsExpress

JD surges 20% in debut after raising $1.78 bln in IPO - JD Inc. (NASDAQ:JD), Chinas second-largest e-commerce company after Alibaba, advanced in its trading debut after a larger-than-expected initial public offering. JD gained 8.5 percent to $20.61 at 1:47 p.m. in New York after rising as high as 20 percent. The Beijing-based company raised $1.78 billion by selling the shares for $19, above the expected range of $16 to $18. The offering is the biggest eve... ow.ly/2H2ftD

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