JD.com’s IPO comes on the heels of disappointing earnings out of from Weibo (WB) after the close. Weibo said it expects revenue in its second quarter to come in between $US74 million and $US76 million, below expectations for $US77.85 million. Shares of Weibo are down more than 8.5% in after hours trade.
JD.com’s pricing, along with Weibo’s report, come ahead of a much-anticipated debut from Alibaba, which filed with the SEC earlier this month.
Shares of JD.com will debut on the Nasdaq tomorrow under the ticker ‘JD’.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.