GUANGZHOU, China, March 23, 2012 /PRNewswire-Asia/ -- Vipshop
Holdings Limited (NYSE: VIPS) ("Vipshop" or the "Company"),
China's leading online discount
retailer for brands, today announced that it has priced its initial
public offering of 11,004,600 American depositary shares ("ADSs"),
with each ADS representing two ordinary shares of the Company, at
US$6.50 per ADS, with a total
offering size of approximately US$71.5
million, assuming the underwriters do not exercise their
option to purchase additional ADSs. The ADSs are expected to begin
trading on the New York Stock Exchange on March 23, 2012 under the symbol "VIPS."
The Company has granted the underwriters an option, exercisable
within 30 days from the date of the final prospectus, to purchase
up to an additional 1,650,600 ADSs at the initial public offering
price, less the underwriting discounts.
Goldman Sachs (Asia) LLC
("Goldman Sachs") and Deutsche Bank Securities Inc. ("Deutsche
Bank") acted as joint bookrunners and Piper
Jaffray & Co. and Oppenheimer & Co. Inc. acted as
co-managers for the offering.
Vipshop's registration statement relating to the initial public
offering has been filed with, and declared effective by, the United
States Securities and Exchange Commission. This press release does
not constitute an offer to sell or a solicitation of an offer to
buy any securities, nor shall there be any sale of these
securities, in any state or other jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
The offering of the securities is made only by means of a
prospectus forming a part of the effective registration statement.
A copy of the prospectus relating to the offering may be obtained
by contacting Goldman, Sachs & Co., Attn: Prospectus
Department, 200 West Street, New York,
New York 10004, by email at prospectus-ny@ny.email.gs.com,
or by phone at (212) 902-1171; or Deutsche Bank, Attn: Prospectus
Department, 100 Plaza One, Jersey City,
NJ 07311, United States; or
by calling 1-800-503-4611, or by email at
prospectus.cpdg@db.com.
About Vipshop Holdings Limited
Vipshop Holdings Limited ("Vipshop" or the "Company") is
China's leading online discount
retailer for brands. Vipshop offers high quality and popular
branded products to consumers throughout China at a significant discount to retail
prices. Since it was founded in August
2008, the Company has rapidly built a sizeable and growing
base of customers and brand partners. As of December 31, 2011, the Company had over 1.7
million cumulative customers and had promoted and sold products for
over 1,900 domestic and international brands.
Investor Relations Contact
ICR, Inc.
Jeremy Peruski
Tel: +1 (646) 405-4866
Email: IR@Vipshop.com
SOURCE Vipshop Holdings Limited