More on Shein. The company, which sells £5 dresses and £11-£15 jeans, is set to price its initial public offering (IPO) at HK$48.56 a share, near the midpoint of its HK$47.60 ?to HK$49.50 range, Reuters reported. The IPO will value the company ?at about a quarter of its ?nearly $100bn peak in 2022, and well below the $66bn it was valued at in a 2023 ?fundraising round. Shein, which is headquartered in Singapore and was founded in China, launched its Hong Kong IPO on Monday. It is due to announce the final IPO price next Monday, with trading expected to begin the following day. It is one of the longest-awaited initial public offerings (IPO) of recent years, after plans to list in New York were blocked by regulators over forced labour concerns. Shein then considered a £50bn float in London, but faced similar questions about its supply chain from campaigners, MPs and investors. Cornerstone investors, led by existing shareholders Boyu Capital, Tiger Global and General Atlantic, have subscr
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More on Shein. The company, which sells £5 dresses and £11-£15 jeans, is set to price its initial public offering (IPO) at HK$48.56 a share, near the midpoint of its HK$47.60 ?to HK$49.50 range, Reuters reported. The IPO will value the...
Shein, which is headquartered in Singapore and was founded in China, launched its Hong Kong IPO on Monday. It is due to announce the final IPO price next Monday, with trading expected to begin the following day.
- It is one of the longest-awaited initial public offerings (IPO) of recent years, after plans to list in New York were blocked by regulators over forced labour concerns.
- Shein then considered a £50bn float in London, but faced similar questions about its supply chain from campaigners, MPs and investors.
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