#SheinToStartHKIPOBookbuildingAsSoonAsNextWeek ๐จ Shein Reportedly Targets $35B Valuation in Hong Kong IPO
Fast-fashion giant Shein is reportedly preparing to launch its long-awaited Hong Kong IPO, with investor orders expected as early as next week.
๐ KEY HIGHLIGHTS
๐ข Targeting a $35B valuation
๐ข Looking to raise up to $2.8B
๐ข Investor order-taking could begin next week
๐ข IPO process expected to conclude by the end of August
๐ Core takeaway:
Shein is moving closer to a Hong Kong listing after previous IPO plans faced regulatory hurdles.
๐ผ IPO DETAILS
๐ข Goldman Sachs
๐ข Morgan Stanley
๐ข JPMorgan
are acting as joint sponsors.
๐ข UBS and Haitong International are serving as overall coordinators.
๐ VALUATION
๐ข Target valuation: $35B
๐ข Sources say valuation is not expected to fall below $30B
๐ข Company has reportedly been assessing investor demand since last week
๐ The reported valuation is higher than some recent media speculation.
๐ง MARKET SIGNAL
๐ A successful $2.8B Hong Kong IPO would rank among the region's largest listings this year and provide an important gauge of investor appetite for Chinese consumer and e-commerce companies amid a recovering IPO market.$CTSI $SLP $ENJ
Fast-fashion giant Shein is reportedly preparing to launch its long-awaited Hong Kong IPO, with investor orders expected as early as next week.
๐ KEY HIGHLIGHTS
๐ข Targeting a $35B valuation
๐ข Looking to raise up to $2.8B
๐ข Investor order-taking could begin next week
๐ข IPO process expected to conclude by the end of August
๐ Core takeaway:
Shein is moving closer to a Hong Kong listing after previous IPO plans faced regulatory hurdles.
๐ผ IPO DETAILS
๐ข Goldman Sachs
๐ข Morgan Stanley
๐ข JPMorgan
are acting as joint sponsors.
๐ข UBS and Haitong International are serving as overall coordinators.
๐ VALUATION
๐ข Target valuation: $35B
๐ข Sources say valuation is not expected to fall below $30B
๐ข Company has reportedly been assessing investor demand since last week
๐ The reported valuation is higher than some recent media speculation.
๐ง MARKET SIGNAL
๐ A successful $2.8B Hong Kong IPO would rank among the region's largest listings this year and provide an important gauge of investor appetite for Chinese consumer and e-commerce companies amid a recovering IPO market.$CTSI $SLP $ENJ
