The Firm recently represented the underwriters led by Goldman Sachs (Asia) L.L.C. and Deutsche Bank Securities Inc. in connection with concurrent offerings by Vipshop Holdings Limited (“Vipshop”) of US$632.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2019 (the “Notes”) (which includes $82.5 million aggregate principal amount of the Notes pursuant to the underwriters’ exercise of the over-allotment option) and 1,311,000 American depositary shares (the “ADSs”) (which includes 171,000 ADSs pursuant to the underwriters’ exercise of the over-allotment option), representing 2,622,000 ordinary shares, from certain shareholders of Vipshop for an aggregate of approximately US$188.4 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., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC in connection with the follow-on offering on the New York Stock Exchange of the ADSs of Vipshop, which closed on March 19, 2013, and 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 ADSs of Vipshop, which closed on March 28, 2012.
The Simpson Thacher team for the transaction included Leiming Chen, Roxane Reardon, Blake Dunlap, David Lee, Sunny Cheong and Shuyuan Sun (Corporate); Marcy G. Geller, Jonathan Cantor and Jacqueline Barbera (Tax); and Jennie Getsin (FINRA).