JD.com Prices IPO - Quick Facts

(RTTNews) - JD.com Inc. (JD), an online direct sales company in China, announced that its initial public offering of 93,685,620 American Depositary Shares ("ADSs"), each representing two Class A ordinary shares of the company, was priced at $19.00 per ADS. The ADSs will begin trading on NASDAQ on May 22 under the symbol, JD.

The total gross proceeds of the offering are expected to be $1.78 billion, assuming no exercise by the underwriters of their option to purchase additional ADSs. The company expects to receive gross proceeds of $1.31 billion from the offering at closing, assuming the underwriters do not exercise their option to purchase additional ADSs, and additional gross proceeds of $1.31 billion from the issuance of 138,014,720 Class A ordinary shares to Tencent at the IPO price in a private placement concurrent with the closing of the offering.