Shein Eyes Valuation of Around $25 Billion in Hong Kong
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9 Articles
Shein is facing the IPO in Hong Kong. The fashion group is worth 75 percent less than 2022. Investors doubt the business model.
So far, the online retailer Shein had targeted between $30 and $40 billion at the planned IPO. According to insiders, the target value is now only $25 billion.
Shein eyes valuation of around $25 billion in Hong Kong
Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO, said three people with knowledge of the matter, down from nearly $100 billion four years ago due to challenging business conditions.
Exclusive-Shein eyes company valuation of around $25 billion in Hong Kong IPO, sources say
HONG KONG, Aug 17 (Reuters) – Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO, said three people with knowledge of the matter, down from nearly $100 billion four years ago due to challenging business conditions. Singapore-headquartered Shein, known for selling $5 dresses and $10 jeans to shoppers in about 160 countries, is aiming to launch its much-awaited initial public offering…
Hang Seng: Bullish flag emerges ahead of Shein IPO, Baidu and Alibaba earnings
The Hang Seng Index rose to 25,517 on Monday as investors waited for the highly anticipated Shein IPO and key earnings by some of the biggest constituent companies. It has soared by 13% from its lowest level this year. Shein IPO is the top Hong Kong story this week Hong Kong stocks will be in the spotlight this week as Shein launches its IPO. According to Reuters, the company may go public in the Hong Kong Stock Exchange as soon as this week aft…
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- 60% of the sources lean Right
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