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...

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