Another US IPO for China: Vipshop Holdings Looks for $125 Million

Could the floodgates be opening again? Last year, it got especially tough for Chinese companies to go public in the US, but there are early signs of change – or at least signs that change is possible. Vipshop Holdings, an online discount retailer in China, has filed to go public on NYSE.

The company is looking to raise $125 mn in its IPO, and it plans to trade under the symbol VIPS. The lead underwriters are Goldman Sachs and Deutsche Bank. Vipshop Holdings is backed by DuPont Capital Management and Sequoia Capital, each of which owns 19 percent of the company.

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Source: Renaissance Capital