Walmart seeks to raise up to $3.74 billion in sale of JD. com stake: report

Walmart is offering 144.5 million shares in the price range of $24.85 to $25.85, the report said, adding that Morgan Stanley is the broker-dealer of the offering. Walmart is the largest shareholder of JD. com and owns a 5.19% stake in the e-commerce company, according to LSEG data.