- After previously filing to sell 21.8M shares on behalf of existing holders at a maximum offering price of $22.72, JD.com (NASDAQ:JD) is selling 26M shares for them at a price of $23.80.
- China's second-biggest e-commerce firm also states Tencent (OTCPK:TCEHY), which took a 15% stake in JD and formed an alliance with the company prior to its IPO, has bought another $150M worth of shares through the offering. Hedge fund Tiger Global, another major JD investor, has purchased an additional $47.6M worth of shares.
- With a lockup expiration looming, JD's six biggest shareholders, which include Tencent, Tiger, and chairman/CEO Qiangdong Liu, have agreed not to sell shares "for a period of 90 days after the offering."
- Shares +14% over the last two days.