The direct selling company has raised $1.78bn from its initial public offering, giving shareholder DST a $64m return.
JD.com, the China-based e-commerce company backed by internet company Tencent and DST Global among others, has gone public in an initial public offering sized at $1.78bn.
The company issued just over 69 million American Depositary Shares, worth two ordinary shares, priced at $19.00 each, while existing shareholders sold a further 24.7 million. The offering price was higher than the initial range of $16-18 per ADS.
DST Global, the investment firm partially acked by internet company Mail.ru, sold almost 6.8 million…
