Practice Areas -

Equity Capital Markets Law Firms and Lawyers

  • Search Result as
  • By Days
  • Between Dates

Practice Areas - Equity Capital Markets Law Firms and Lawyers

Deal Date: 28-05-2014 Practice Area: Equity Capital Markets
Deal Title: JD.com, Inc - Initial Public Offering and NASDAQ Listing Industry: Software & Computer Services
Description:
Davis Polk advised Merrill Lynch, Pierce, Fenner and Smith Incorporated and UBS Securities LLC as representatives of the underwriters of an offering by JD.com, Inc. (JD.com) and certain selling shareholders of 93,685,620 American Depositary Shares, each representing two Class A ordinary shares of JD.com. The company has granted the underwriters an option to purchase up to an additional 14,052,840 ADSs, which was exercised in full and increased the total offering proceeds to approximately USD2.05 billion. The ADSs are listed on the NASDAQ under the symbol "JD." JD.com is the leading online direct sales company in China. It strives to offer consumers the best online shopping experience. Through its content-rich and user-friendly website www.jd.com and mobile applications, JD.com offers a wide selection of authentic products at competitive prices and deliver products in a speedy and reliable manner. As of March 31, 2014, JD.com offered approximately 40.2 million SKUs across 13 categories of products. The Company believes it has the largest fulfilment infrastructure of any e-commerce company in China. JD.com operated 7 fulfilment centers and a total of 86 warehouses with an aggregate gross floor area of approximately 1.5 million square meters in 36 cities, and 1,620 delivery stations and 214 pickup stations in 495 cities across China, staffed by its own employees. The Company provided same-day delivery in 43 cities under its 211 program and next-day delivery in another 256 cities across China as of March 31, 2014. The Davis Polk team included partners James C. Lin and Li He and associates Liang (Alex) Tao and Jiangshan (Jackson) Tang. Partner John D. Paton and associate Rhiannon Nakano provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Beijing, Hong Kong, London, and New York offices.
Financial Center: Beijing Value: 1000.01-5000.00
Advised Party: Underwriter Law Firm
Issuer Jurisdiction- China Listing Jurisdiction- United States
Classification: Initial Public Offerings NASDAQ
Lawyer Li He