New York-listed Vipshop launches $150 million ADS sale

In the first offering since its IPO in March last year, the Chinese online discount retailer plans to use the proceeds for capital expenditure.

New York-listed Vipshop launches $150 million ADS sale

Vipshop Holdings, a Chinese online discount retailer listed on the New York Stock Exchange, has started the roadshow for an offering of American depository shares ADSs, which is expected to raise about $150 million, a source said yesterday.

Some 66.7% of the deal is offered by the company and the remaining 33.3% is offered by selling shareholders. The company said it will not receive any proceeds from the ADSs sold by the...

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 ...