Walmart Inc. (WMT)

$ 81.95
   
  • Change Today:
    $0.56
  • 52 Week High: $175.86
  • 52 Week Low: $58.61
  • Currency: US Dollars
  • Shares Issued: 8,077m
  • Volume: 15,538,968
  • Market Cap: $661,910m
  • RiskGrade: 117

Walmart to sell entire $3.7bn stake in JD.com

By Benjamin Chiou

Date: Wednesday 21 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Shares in JD.com tanked in Hong Kong on Wednesday after American retail titan Walmart signalled its intention to dispose of its stake in the Chinese ecommerce giant worth $3.7bn.
According to a term sheet cited by Reuters, Walmart is offering 144.5m American depositary shares priced at $24.85-$25.85, seeking to raise up to $3.74bn.

Walmart is currently the largest single shareholder in JD.com with a 10.4% take, after exchanging its Chinese ecommerce arm Yihaodian for shares in 2016.

It is thought that the move will allow Walmart to focus on its other Chinese operations through Walmart China and Sam's Club, as well as raise capital for other areas of the business.

Shares in JD.com were down nearly 9% at $102.60 by 1457 in Hong Kong.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WalMart Market Data

Currency US Dollars
Share Price $ 81.95
Change Today $ 0.56
% Change 0.69 %
52 Week High $175.86
52 Week Low $58.61
Volume 15,538,968
Shares Issued 8,077m
Market Cap $661,910m
RiskGrade 117

What The Brokers Say

Strong Buy 13
Buy 21
Neutral 4
Sell 0
Strong Sell 0
Total 38
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 31-Oct-2024

Time Volume / Share Price
16:00 100 @ $81.93
15:59 100 @ $81.96
15:59 100 @ $81.96
15:59 238 @ $81.96
15:59 138 @ $81.96

Top of Page