What is happening with Shein as it launches an initial public offering in Hong Kong worth up to $1.77 billion
- Shein launched its long-awaited initial public offering (IPO) in Hong Kong on Monday, ushering in a new chapter for the fast-fashion giant after years of regulatory delays, geopolitical tensions, and stalled listing plans in the United States and the United Kingdom.
The value of Shein in this offering could be estimated at around $27 billion, which is more than 70% lower than its valuation of $98.20 billion reached in a private funding round in 2022. This sharp decline reflects a very different profile in terms of growth and profitability, with revenue growth slowing and margins under pressure, as well as higher commercial, regulatory, and operating costs facing the company.#BrentDrops1.87% #AlibabaRaises$10.2BInHKShareSale #SolanaGovernanceVoteToDoubleDeflationRate #GoldNearsThreeMonthHigh #SamsungFalls6.4%OnReturnPlanMiss
- Shein launched its long-awaited initial public offering (IPO) in Hong Kong on Monday, ushering in a new chapter for the fast-fashion giant after years of regulatory delays, geopolitical tensions, and stalled listing plans in the United States and the United Kingdom.
The value of Shein in this offering could be estimated at around $27 billion, which is more than 70% lower than its valuation of $98.20 billion reached in a private funding round in 2022. This sharp decline reflects a very different profile in terms of growth and profitability, with revenue growth slowing and margins under pressure, as well as higher commercial, regulatory, and operating costs facing the company.#BrentDrops1.87% #AlibabaRaises$10.2BInHKShareSale #SolanaGovernanceVoteToDoubleDeflationRate #GoldNearsThreeMonthHigh #SamsungFalls6.4%OnReturnPlanMiss