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Shein Is Said to Consider Aug. 28 for Hong Kong Trading Debut

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Shein Is Said to Consider Aug. 28 for Hong Kong Trading Debut Shein Global Holdings Ltd. plans to start taking investor orders for its long-awaited Hong Kong initial public offering as soon as Aug. 20 and debut in the city around Aug. 28, according to people familiar with the matter. Shein had been targeting a valuation of about $30 billion in the IPO — a fraction of its peak — but has faced pushback from investors and may lower it further, the people said, asking not to be identified...

Shein Is Said to Consider Aug. 28 for Hong Kong Trading Debut Shein Global Holdings Ltd. plans to start taking investor orders for its long-awaited Hong Kong initial public offering as soon as Aug. 20 and debut in the city around Aug. 28, according to people familiar with the matter. Shein had been targeting a valuation of about $30 billion in the IPO — a fraction of its peak — but has faced pushback from investors and may lower it further, the people said, asking not to be identified discussing private information. Existing shareholders may take up as much as about half of the deal, they said.
Shein (PERSON) Said (PERSON) Hong Kong (LOCATION) Shein Global Holdings Ltd. (ORG) IPO (ORG)
Originally published by Bloomberg Markets Read original →