A few weeks ago, many lawyers in the U.S. might have been forgiven for thinking JD.com was some kind of website for lawyers or law students.
Perhaps most still would, but those involved in capital markets practice now know that it’s one of China’s top online retailers, and it just had a $1.8 billion Nasdaq initial public offering. That’s the largest U.S. listing ever by a Chinese company, though that record will be broken many times over when China’s biggest e-commerce company, Alibaba Group Holding Ltd., debuts later this year in an IPO that is expected to top the $16 billion Facebook Inc. raised in 2012.
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