The Firm recently represented the underwriters led by Goldman Sachs (Asia) L.L.C., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC in connection with a follow-on offering of American depositary shares of Vipshop Holdings Limited (“Vipshop”). The offering by Vipshop and certain selling shareholders of an aggregate of 8,280,000 American depositary shares (including 1,080,000 American depositary shares pursuant to the underwriters’ exercise of the over-allotment option), representing 16,560,000 ordinary shares, raised an aggregate of approximately US$200 million.
Vipshop is China’s leading online discount retailer for brands and its American depositary shares are listed and traded on the New York Stock Exchange under the ticker symbol “VIPS”.
The Firm previously represented the underwriters led by Goldman Sachs (Asia) L.L.C. and Deutsche Bank Securities Inc. in connection with the initial public offering on the New York Stock Exchange of the American depositary shares of Vipshop, which closed on March 28, 2012.
The Simpson Thacher team for the transaction included Leiming Chen, Blake Dunlap, David Lee and Tianyi Chen (Corporate), Jennie Getsin (FINRA) and Jonathan Cantor and Anthony Minervini (Tax).
