JD.com prices IPO at $19

|About: JD.com (JD)|By:, SA News Editor

JD.com's (JD) IPO price is above a $16-$18 range, and implies a valuation of $26B for China's second-biggest e-commerce firm.

JD stands to raise $1.3B by issuing 69M new shares, and is also selling 24.7M on behalf of existing holders. Shares begin trading tomorrow.

Prospectus, IPO analysis

Earlier: JD.com's IPO reportedly 15x oversubscribed