Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing

Shein to pay up to $4.4 billion to select pre-IPO investors around Hong Kong listing

The payments are nearly double the up to $2.24 billion that Shein aims to raise by selling shares in its IPO. Read more at straitstimes.com.

Shein to pay up to US$3.5 billion to select pre-IPO investors around Hong Kong listing

This is to help compensate them for a sharp slide in its valuation Read more at The Business Times.

Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing

HONG KONG, Aug 24 : Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors — almost twice the fresh capital it is seeking in an IPO — to help compensate them for a sharp slide in its valuation, its prospectus showed on Monday.The investors entitled to the payments in

Shein’s IPO has a $3.5B catch: why old investors are getting paid first

Shein’s Hong Kong IPO is doing more than resetting the fast-fashion group’s valuation. It is also activating investor protections that could force the company to hand selected pre-IPO backers as much as $3.5 billion in cash and shares. That bill is striking because Shein is seeking to raise only up to HK$13.86 billion, or about $1.77 billion, from the listing. The offer price of HK$47.60 to HK$49.50 values the company at roughly $27 billion at t…