Jingdong Submits The Prospectus Paper Again: Shareholders Do Not Need To Issue New Shares.

November 24th, JD.COM A prospectus was submitted to the securities and Exchange Commission of the United States. Unlike the initial public offering (IPO) prospectus, Jingdong does not plan to issue new shares, but some Jingdong shareholders will sell shares held by them.

　　 JD.COM In the prospectus, the company does not plan to sell new shares to the market, but shareholders will sell shares held in their hands. This means that the existing shareholders of Jingdong will sell shares held in their hands to cash in.

　　 JD.COM The size of the sell-off and the selling price of the stock have not yet been determined. The underwriter responsible for the issue is BofA Merrill Lynch, UBS Investment Bank..

Jingdong said that after the sell-off was completed, Liu Qiangdong would become the B beneficially owned and exercise about 83.5% of the voting rights, including voting rights directly held by Liu Qiangdong and voting rights on behalf of Fortune Rising Holdings Limited Limited.

Jingdong's B class ordinary shares represent 10 voting rights, and a class a common stock represents 1 voting rights.