AdChina and Vipshop line up IPOs in the US
Two Chinese internet companies filed IPO proposals with the US Securities and Exchange Commission this week. AdChina and Vipshop Holdings hope to raise around $100m each in what could be the first Chinese deals to hit the US market since Tudou Holding’s calamitous performance in August 2011 — the online video company fell 11.9% on its debut and a further 18.6% the next day.
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