It is reported that vipshop plans to go to Hong Kong for a second listing in the second half of the year and has selected three investment banks

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Sina Technology News Beijing time on January 14 evening news, according to reports, two people familiar with the matter today revealed that vipshop( NYSE:VIPS )It plans to go to Hong Kong for a second listing in the second half of this year. At present, three investment banks have been entrusted to take charge of relevant matters.
The three investment banks, Goldman Sachs, JPMorgan Chase and Morgan Stanley, have started work. One of the sources said vipshop could offer 5% to 10% of its shares to list in Hong Kong, raising up to $2 billion.
Vipshop has yet to respond to requests for comment. Goldman Sachs, JPMorgan Chase and Morgan Stanley declined to comment.
Recently, it has been reported that a number of China concept stock companies listed in the United States plan to go to Hong Kong for a second listing, including Baidu, BiliBili, Ctrip, auto home, Tencent music and huanju group. Prior to this, a number of China capital stock companies, including Netease and Jingdong, have been listed in Hong Kong for the second time.
In fact, since November 2019, at least 13 US listed Chinese companies have made secondary offerings in Hong Kong, raising a total of about $32.58 billion.