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

US retailer Walmart is seeking to raise up to $3.74 billion by selling its stake in Chinese e-commerce firm JD.com, Bloomberg News reported on Tuesday, citing people familiar with the matter.

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.