JD.com kicks off roadshow

JD.com becomes the latest Chinese technology company seeking to float its shares in the US, and could raise as much as $1.69 billion at the top end of the range.

Online retailer JD.com will kick off its roadshow on Monday and is seeking to raise as much as $1.69 billion in a Nasdaq listing later this month.

China's second largest e-commerce company after Alibaba Group aims to price some 93.7 million American Depository Receipts between $16 and $18 each.

Of the ADRs on offer, 74% will be primary while the remaining 26% is made up of selling shareholders, which includes hedge fund firm Tiger Global Management, DST Global Funds, and JD.com chairman and CEO Richard Liu.

An exercised greenshoe option will tack on an additional 14 million ADRs. Bank of...

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