Zhong Lun Advises on JD’s Second Offering on NASDAQ
Zhong Lun Advises on JD’s Second Offering on NASDAQ
On December 3, 2014 , JD.com, Inc. (ticker symbol: JD), China’s largest online direct sales company, announced the secondary offering of ADSs by certain selling shareholders on the NASDAQ, with the total gross proceeds of approximately US$619 million. JD did not sell any ADSs or receive any proceeds in the offering, and its existing shareholders Tencent Holdings and Tiger Global entities purchased certain ADSs offered in the offering.
BofA Merrill Lynch and UBS Investment Bank acted as the joint bookrunners for the offering, and Zhong Lun Law Firm acted as JD’s PRC legal counsel. The legal team from Zhong Lun was led by Anthony Zhao and Jack Feng, and included William Jia, Raphael Liu and Dailey Dai, etc.