JD.com closes in on China tech US IPO record

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By Rev Hui
15 May 2014

Online retailer JD.com is setting its sights on a $1.7bn Nasdaq listing, having started taking orders for what is the largest flotation yet of a Chinese tech firm in the US. JD.com’s deal comes hot on the heels of the much publicised IPO application by rival Alibaba, but bankers on the trade have dismissed it as nothing more than a coincidence.

Comparisons with JD.com's larger rival are inevitable as the marketing process for its IPO, which started on May 12, came just days after Alibaba lodged its preliminary prospectus with the US Securities and Exchange Commission on May 6. But despite the short time between the two, one banker close ...

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