STOCKS | Shein Reportedly Sets Hong Kong IPO Price at About HK$48.56 a Share
According to Sina Finance, Shein International Holdings Co. reportedly told potential investors that the price for its Hong Kong initial public offering may be set at about HK$48.56 per share, slightly above the midpoint of the marketed range. At that price, the fast-fashion retailer would raise HK$13.6 billion, or $1.7 billion. It is seeking to sell about 280 million shares in the Hong Kong IPO, with a marketed range of HK$47.6 to HK$49.5 per share and a valuation of up to $27 billion. People familiar with the matter said discussions are still ongoing and the price may change. Final pricing is expected to be announced in Hong Kong on Thursday, and trading is scheduled to begin on September 1.
According to Sina Finance, Shein International Holdings Co. reportedly told potential investors that the price for its Hong Kong initial public offering may be set at about HK$48.56 per share, slightly above the midpoint of the marketed range. At that price, the fast-fashion retailer would raise HK$13.6 billion, or $1.7 billion. It is seeking to sell about 280 million shares in the Hong Kong IPO, with a marketed range of HK$47.6 to HK$49.5 per share and a valuation of up to $27 billion. People familiar with the matter said discussions are still ongoing and the price may change. Final pricing is expected to be announced in Hong Kong on Thursday, and trading is scheduled to begin on September 1.