Deals
China Passes U.S. as Tech IPO Dynamo in Best Quarter
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JD.com Inc. decided to push ahead with its initial public offering last quarter even as Internet stocks tumbled, volatility climbed and other technology companies delayed their share sales.
It went ahead because JD.com has one thing that many closely held candidates don’t: China. The Beijing-based online marketplace raised $2 billion in its May IPO, making it the biggest example of a trend where mainland-based technology companies attracted buyers in U.S. offerings.