US-listed Vipshop sees Hong Kong IPO, Bloomberg reports

US-listed Vipshop, a leading online discount retailer for brands, is considering listing in Hong Kong next year at the earliest, Bloomberg reported.

The report said Vipshop is working with advisers on a potential share sale, citing people familiar with the matter.

Headquartered in Guangzhou, Vipshop is an e-commerce platform specializing in discounted branded apparel, cosmetics, footwear and accessories. In recent years, the company has also expanded into offline flash-sale stores, aiming to build an omnichannel discount platform.

Vipshop was listed on the New York Stock Exchange in 2012. Based on its current share price of US$19.85 (HK$154.84), the company has a market value of about US$9.8 billion, with its stock rising more than 47 percent year-to-date.