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.
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Vipshop: An online bargain basement
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<div style="text-align: left;"> Vipshop: An online bargain basement </div>

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 selling shareholders.

The deal was launched early yesterday morning Hong Kong time, and it is expected to price in the middle of next week. The roadshow will take place in Asia and...

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