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'Walmart Is Seeking Up To $3.74B In Sale Of JD.com Stake; Walmart Is Offering Shares In $24.85-$25.85/Each Range; Share Sale Marks The End Of Partnership That Started In 2016' - Bloomberg News

Author: Benzinga Newsdesk | August 20, 2024 07:28pm

https://www.bloomberg.com/news/articles/2024-08-20/walmart-is-seeking-up-to-3-74-billion-in-sale-of-jd-com-stake

 

Walmart Inc. is seeking to raise up to $3.74 billion by selling its stake in Chinese e-commerce firm JD.com Inc., people familiar with the matter said.

The US retailer is offering 144.5 million shares in a $24.85 to $25.85 price range, the people said, asking not to be identified because the information is private. Morgan Stanley is the broker-dealer of the offering, they added.


 

Posted In: JD WMT


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