China's JD.com raises $1.8bn in US share sale

Chinese online retailer JD.com has raised $1.8bn (£1.1bn) in its US share sale, valuing the company at more than $25bn according to underwriters Bank of America and UBS Investment Bank. Shares are due to start trading on the Nasdaq on Thursday under the symbol 'JD' at the price of $19 per share. via Pocket http://ift.tt/Rb66Nf