No VIP treatment for China's Vipshop

The online discount retailer falls 15.4% in its US trading debut after pricing its IPO below the original range to raise $72.7 million.

Vipshop Holdings, the first Chinese company to go public in the US since August last year, dropped 15.4% in its debut on Friday, and that was after pricing its offering 23% below the indicated price range.

The final IPO price of $6.50 allowed the company to raise $72.7 million well below the $117 million that it was targeting at the top of the range. The online discount retailer of fashion and other branded goods was...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...