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%.
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Vipshop is China’s leading online discount retailer of branded fashion
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<div style="text-align: left;"> Vipshop is China’s leading online discount retailer of branded fashion </div>

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.

¬ Haymarket Media Limited. All rights reserved.

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