Asian Online Retail: JD.com raised US$1.78 Billion in an IPO in the US this week

Asian Online Retail: JD.com raised US$1.78 Billion in an IPO in the US this week. JD.com is a Chinese online retailer who has a business model similar to Amazon. The shares priced at $19 each which was above the market range of $16-$18. The shares started trading on the NASDAQ last night under the symbol JD. Asian E-commerce is expected to increase 64% this year compared to 12% in the US according to projections by researcher Emarketer Inc. The pricing values JD.com at $26 Billion or 2.3x last year's sales of $11.5 billion. JD story here: (VIEW LINK). Alibaba is also scheduled to IPO in the US later this month. I don't know about you, but if I could buy an Asian online retailer for less than 1x gross turnover it would seem like a good deal. iBuy (IBY) is the ASX's answer to that.


Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.