Shein Plans Hong Kong IPO with Potential August 19 Launch
2 sources across 2 countries · Hong Kong · United Kingdom
Who reported this
- South China Morning Post
- Reuters
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
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Shein plans to launch its initial public offering in Hong Kong as soon as August 19. The Singapore based company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week. Sources indicate the company intends to complete the process by the end of the month, though the timing and size of the deal remain subject to change.
Reports suggest the company is eyeing a valuation of US$35 billion, with a floor of US$30 billion. This represents a significant decrease from a peak expected valuation of US$100 billion in 2022 and a drop from previous private targets ranging between US$40 billion and US$50 billion. Shein previously considered going public in London or New York, but those plans were derailed by regulatory scrutiny in Europe and the US regarding tax structures and supply chain practices.
How each side framed it
- Centre
- The center lean outlet focused primarily on the timeline of the IPO launch.
- Centre-right
- The center right outlet provided more detailed financial context regarding the valuation drop and the regulatory hurdles that shifted the IPO location.
Sources
100% of the statements in this article were traced back to the source articles listed above.