Shein Is Preparing to Go Public, with a Valuation of 22.6 Billion Euros.
9 Articles
9 Articles
At the time, the company was valued at nearly US$100 billion, or approximately €86 billion, during a fundraising round. Founded in China in 2012 and now based in Singapore, Shein indicated, when announcing its IPO, that it intended to offer 280 million shares at a price between HK$47.60 and HK$49.50. According to stock exchange filings published online Monday evening, the group is offering its shares at a price of HK$48.56 (€5.34), the midpoint …
The Asian giant stays in the middle of the fork and will be released in the Hong Kong park at a price equal to 5.35 euros per title.
The fast fashion giant sets the share price at 48.56 Hong Kong dollars, equivalent to 5.34 euros. It will give the stock market jump with a valuation of 73% less than its maximum of 2022
Shein plans to raise nearly €1.5 billion (CDN$2.4 billion) when it opens its stock exchange on Tuesday in Hong Kong, valuing the online ready-to-wear giant at €22.6 billion (CDN$36 billion), four times less than in 2022.
The online ready-to-wear platform enters the stock market with a valuation of €22.6 billion, down from its record of 2022.
This is a much lower amount than the Asian giant of the ultra fast-fashion of nearly €86 billion in 2022, when a fundraiser was raised.
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