Shares in Chinese e-commerce company JD.com spiked in their market debut on Thursday, valuing the company at about $30.43 billion.
The stock opened at $21.75 on the Nasdaq, with heavy demand that may foreshadow investor appetite for larger peer Alibaba. The IPO was 15 times oversubscribed and priced above expectations.
Read the rest of this post on the original site »
This article originally appeared on Recode.net.