JD.com sold 69 million new shares, and existing shareholders sold 24.7 million. The underwriters have been granted a 30-day option to purchase up to an additional 14 million ADS from JD.com. JD.com will receive initial proceeds of USD 1.31 billion from its share of the offering. The company is also raising USD 1.31 billion from the issue of another 138 million Class A shares to Tencent at the IPO price. This raises Tencent's stake in the group to 20 percent.
JD.com counts over 474 million registered users. The company plans o use the proceeds to expand its fulfillment infrastructure, acquiring land, building warehouses and purchasing vehicles for deliveries. The stock listing is also aimed at providing a market for its shares and stock options for staff, as well as capital for possible acquisitions.
