Vipshop Holdings Limited Buyback
OLI recorded this information on 3/31/2023
Company:
Vipshop Holdings Limited
Buyback:
VIPS buyback
$Amount Authorized:
$500,000,000
Buyback Details:
Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$500 million of its American depositary shares or Class A ordinary shares until the close of business on March 31, 2025, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy.
Vipshop Holdings is a holding company. Through its subsidiaries, Co. is engaged as an online discount retailer for brands in China. Through its flash sales model, Co. provides sales events daily with a selection of products at discounted prices in limited quantities during limited time periods. Co.'s product offerings include apparel for women, men, and children, handbags and shoes, cosmetics, mother and baby care products, home goods, and other lifestyle products. Through its Vipshop Online Platform, Co. provides a selection of products and services for shoppers. Co.'s Vipshop Online Platform includes the Vipshop App, the vip.com website, and the Vipshop WeChat Mini-Program.
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Buy (3.12 out of 4) 35th percentile
(ranked lower than approx. 65% of all stocks covered)
Analysts' Target Price: VIPS Stock Forecast Based on Zacks ABR data; powered by Xignite |