Fast-fashion giant Shein sets $27 billion valuation for Hong Kong IPO
Shein, the fast-fashion retailer, is set to debut on the Hong Kong stock exchange on September 1 with a valuation of approximately $27 billion, down from nearly $100 billion four years ago. The company reported a $99 million loss in Q1 and faces scrutiny over its environmental impact. The funds raised will be used to enhance technology and expand globally.
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Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
How Shein’s $100bn dream unravelled
Once high-flying fast-fashion retailer is listing in Hong Kong at quarter of peak value after years of false starts
Fast-fashion giant Shein sets cut-price $27bn valuation for Hong Kong IPO
China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint Business live – latest updates Shein, which built a fast-fashion empire on what seemed like impossibly low prices , has been forced to lower its own valuation in a cut-price stock market float, after falling into the red earlier this year. The online retailer will list on the Hong Kong stock exchange on 1 September at a valuation of close to $27bn (£19.8bn), significantly down from a near-$100bn private market peak four years ago. Continue reading...
Shein aims for almost $27bn valuation in stock market debut
The fast-fashion giant's shares are due to start trading in Hong Kong on 1 September.
Shein Targets $27 Billion Valuation in Long-Awaited Hong Kong IPO
The fast-fashion giant said it would use the proceeds raised to strengthen its technology infrastructure, as well as strengthen its global presence.