Shein targets September 1 for Hong Kong IPO: Report
- Shein delayed its Hong Kong IPO to September 1, targeting a valuation between $26 billion and $27 billion, according to the South China Morning Post reported on Thursday.
- The retailer previously aimed to list on August 28 with initial valuation expectations of $30 billion to $40 billion, down sharply from the $100 billion valuation achieved four years ago.
- Slower growth and rising costs have dampened investor appetite for the fast-fashion retailer, contributing to the valuation reduction and revised timeline for market debut.
- The company intends to start book-building on August 24, while investment banks involved in the deal are considering arranging their own funds to serve as cornerstone investors.
- Founded in China in 2012, Shein operates in about 160 countries as a disruptive challenger to established global brands including Zara, reshaping fast-fashion retail.
24 Articles
24 Articles
The fast-fashion Chinese company will be on the stock market with a downward valuation after the failure of its attempts in New York and London. The economic press advances that the firm could raise between 2 and 3 billion with the sale of 342 million shares
Shein targets September 1 for Hong Kong IPO: Report
Shein has set its Hong Kong initial public offering for September 1, a slight delay from earlier projections. The company's growth has slowed, and rising costs are impacting investor interest. Shein aims for a valuation between $26 billion and $27 billion, a considerable drop compared to its 2022 fundraising figures.
Shein targets Hong Kong market debut on September 1, sources say
Shein has set its Hong Kong initial public offering for September 1, a slight delay from earlier projections. The company's growth has slowed, and rising costs are impacting investor interest. Shein aims for a valuation between $26 billion and $27 billion, a considerable drop compared to its 2022 fundraising figures.
Shein Poised for Hong Kong IPO Amid Market Challenges
Shein is preparing to launch its Hong Kong initial public offering, initially planned for September 1 but potentially delayed due to market conditions. Despite slower growth, cornerstone investors remain interested, targeting a valuation between $26 billion to $27 billion, down from a previous $100 billion valuation.
Coverage Details
Bias Distribution
- 63% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
