If the initial public offering of JD.com serves as the proxy for the anticipated Alibaba IPO, then that offering should be both well-received and one of the biggest in history.
JD.com, Alibaba’s biggest competitor in China, raised $1.78 billion Thursday in a public offering, more than the initial $1.5 billion it forecast. The company, which sold 93.7 million shares, priced Wednesday night at $19 a share, above its expected range of $16 to $18 a share. The stock closed at $20.90.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"