This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

JD.com Surges in Largest-Ever Chinese IPO

Tiger Global Management

JD.com has a handful of blue chip investors, including the venture capital arm of hedge fund Tiger Global Management. Tiger Global will have a 431 million share stake in JD.com after the offering. While the firm may be more famous for its hedge fund operations, Tiger's stake in JD.com is illustrative of its prominence as a venture investor in the Chinese market.

Scott Shliefer, a managing director in Tiger Global's VC arm led the firm's investment in JD.com.

Tiger Global will sell a small portion of its investment in JD.com through the company's IPO. Founder Lie, Yuri Milner's DST Global and Sequoia Capital Funds also sold shares in the IPO.

Must Read: Indian eBay Affiliate Snapdeal Lures Temasek, BlackRock

With IPO proceeds, JD.com will expand its fulfillment infrastructure, conduct land purchases, build warehouses and purchase delivery vehicles.

No Underwriter Overlap

None of the underwriters who helped JD.com with its record-sized IPO are currently involved in Alibaba's IPO planning.

Bank of America Merrill Lynch and UBS will lead JD.com's offering, while Allen & Co., Barclays, China Renaissance, Jefferies, Oppenheimer, Piper Jaffray, SunTrust Robinson Humphrey and Cowen & Co. will also have underwriting roles in the offering.

JD.com will list on the Nasdaq under ticker 'JD.' By contrast, Alibaba has yet to announce a lead-underwriter or the exchange it expects to list on.

Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan and Morgan Stanley in alphabetical order, with no single underwriter getting a so-called lead-left treatment on the prospectus. Citigroup, which is listed in Alibaba's F-1 out of alphabetical order, will take a slightly junior role, a source said.

>>Read More:

Alibaba Underwriters Go from Alpha to Beta

Alibaba Files IPO with $1B Placeholder

-- Written by Antoine Gara in New York.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $536.76 0.00%
EBAY $28.37 0.00%
JD $33.37 0.00%
AAPL $122.37 0.00%
FB $95.21 0.00%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs