Vipshop bags $550m from upsized CB debut

By Rev Hui
12 Mar 2014

Online retailer Vipshop Holdings got a rousing reception for its debut in the equity-linked market on Wednesday, raising $550m from an enlarged five year non put three convertible bond as investors remain hooked on the China tech story.

CBs from US-listed Asian companies are typically marketed in the US overnight, leaving out Asian and European investors. But New York-listed Vipshop broke with that tradition, launching the paper at 7:30am Hong Kong time on Tuesday and closing books at around 5:15am on Wednesday.

The full day bookbuild ...

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