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.
<div style="text-align: left;"> Vipshop: An online bargain basement </div>
<div style="text-align: left;"> Vipshop: An online bargain basement </div>
March 07, 2013

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.

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