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.

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.

If you liked this article you might like

Apple Stock Falls as Buzz Dims for iPhone 8 and New Apple Watch

More Trouble for Apple: iPhone 8 Orders Could Be Substantially Low, Analyst Says

Fight Off Complacency: Cramer's 'Mad Money' Recap (Fri 9/15/17)

Alibaba, Qorvo, Abbott Laboratories, Square: 'Mad Money' Lightning Round

JD.com Has Serious Breakout Potential