Shein is set to launch its Hong Kong IPO with an ambitious goal of raising up to $1.8 billion. However, the company’s valuation has plummeted to about 70% below its highs in private markets. Investor appetite is being hampered by slower growth and increased competition. In the offering, cornerstone investors will secure $383 million in shares. Trading is scheduled to start on September 1, amidst rising challenges.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.