Han Kun advised Vipshop Holdings Limited (NYSE: VIPS) on its offering of convertible senior notes and American Depositary Shares (ADS) by certain selling shareholders of Vipshop
2014-03-17
Vipshop Holdings Limited (NYSE: VIPS) completed its offering of convertible senior notes and American Depositary Shares (ADS) by certain selling shareholders of Vipshop.
Vipshop Holdings Limited ("Vipshop") completed its US$550 million offering of 1.50 percent convertible senior notes due 2019 and US$163.9 million public offering of an aggregate of 1,140,000 ADSs by certain selling shareholders of Vipshop on March 13, 2014. The underwriters have exercised their overallotment options to purchase an additional US$82.5 million amount of the convertible senior notes from Vipshop and 171,000 ADSs from the selling shareholders, respectively. Han Kun acted as Vipshop's PRC counsel in relation to this offering.
Vipshop is the leading online discount retailer for brands in China.
Dafei Chen, Irene Cai, Jiaxin Liu, Haoze Li, Hanmeng Li and Huanhao He worked on this offering.