Vipshop Holdings (NYSE:VIPS)

CAPS Rating: 3 out of 5


Player Avatar GundersonGroup (29.08) Submitted: 10/26/2012 1:58:38 PM : Underperform Start Price: $1.00 VIPS Score: -2,133.01

Mecox Lane 2.0!

Deutsche Bank downgrades the IPO it has just underwritten. Now all we need is Goldman Sachs to tell its clients to buy VIPS from its prop desk and its a given FAIL.

$1B plus market cap on a company that loses $100M a year? Really?!? If management had offered this garbage company on the mainland exchange they all would have been sentenced to death by the China Securities Regulatory Commission along with the Goldman Sachs comics.

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Member Avatar GundersonGroup (29.08) Submitted: 10/29/2012 1:58:00 PM
Recs: 0

The usually reliable NASDAQ website made an error on the outstanding share count. Converting outstanding common shares to ADS does give a market cap of $500M. However, this is still a garbage company as evidenced by Sequoia Capital's involvement in this IPO and what appears to be non-existent paid-in capital prior to the offering.

Member Avatar john603 (63.13) Submitted: 4/12/2013 1:33:29 PM
Recs: 0

Yet the chart shows a pump. WShen is the dump?

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