New York-listed Vipshop raises $173 million from follow-on

The combined sale of new and existing shares in the Chinese online discount retailer receives strong demand, allowing it to be upsized by 20%.

New York-listed Vipshop raises $173 million from follow-on

Vipshop Holdings, a Chinese online discount retailer listed on the New York Stock Exchange, and a number of its shareholders have raised a combined $172.8 million from a follow-on offering of American depository shares ADSs, a source said yesterday. The final price represented a discount of 1.8% versus Wednesday’s closing price.

Due to strong demand, the size of the deal was increased to 7.2 million ADSs, from the initial 6 million, as...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...