Shein's up to US$1.8 billion Hong Kong IPO order book covered, sources say

HONG KONG: Online fast-fashion retailer Shein's Hong Kong IPO book to raise up to US$1.8 billion has been fully covered by investor demand, two sources said, bringing it closer to its long-awaited market debut amid growing business and regulatory challenges.Shein launched its new share sale on Monday (Aug 24), valuing

Analysts say valuation drop reflects change in business prospects

The fast-fashion retailer's offering values it at roughly 70% below its 2022 peak of $98.2 billion

The $27bn valuation pales in comparison to the $100bn the online fashion firm reached after a private fundraising round in 2022.

Chinese online fashion giant Shein announced plans to raise $1.77 by selling 280 million in its long-awaited IPO on the Hong Kong Stock Exchange.

China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint Business live – latest updates Shein, which built a fast-fashion empire on what seemed like impossibly low prices, has been forced to lower its own valuation in a cut-price stock market float, after falling in

Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday.

Shein Targets $27 Billion Valuation in Long-Awaited Hong Kong IPO  WSJ

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

New figure is just over a quarter of its peak after fast-fashion retailer’s attempts to list in New York and London derailed by opposition

When a 100-member tour group from South Korea approached a Hong Kong craft beer manufacturer about a visit and tasting session, the operator declined their request. The refusal was not due to a lack of confidence in the product or a staff shortage. The brewery simply lacked a licence to serve beer on the premises. “It