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Vipshop Holdings Ltd Announces Pricing Of Follow-On Public Offering


Thursday, 14 Mar 2013 06:00am EDT 

Vipshop Holdings Ltd announced that the follow-on public offering of an aggregate of 7,200,000 American depositary shares (ADSs) by the Company and certain selling shareholders was priced at USD24.00 per ADS. 4,000,000 ADSs are being offered by the Company and an aggregate of 3,200,000 ADSs are being offered by the selling shareholders. Each ADS represents two ordinary shares of the Company. In connection with this offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an aggregate of 1,080,000 additional ADSs from them at the public offering price. The gross proceeds to the Company will be approximately USD96 million. Vipshop will not receive any proceeds from the sale of the ADSs by the selling shareholders. Goldman Sachs (Asia) L.L.C., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC acted as joint bookrunners, and Piper Jaffray & Co., Oppenheimer & Co. Inc. and China Renaissance Securities (Hong Kong) Limited acted as co-managers for the offering. 

Company Quote

20.63
0.3 +1.48%
19 Dec 2014