Shein said to be aiming for Sept 1 IPO
The slight delay comes as slower growth and rising costs have dampened investor appetite for the online fast-fashion retailer.
Hong Kong-based fast-fashion retailer Shein is planning to launch its Hong Kong initial public offering (IPO) on September 1, according to multiple sources. The online platform aims to achieve a valuation of US$26 billion to US$27 billion, a significant drop from its private fundraising round in 2022, when it secured a valuation of US$100 billion.
While the previously planned listing date was August 28, the delay to September 1 is attributed to slower growth and rising costs, which have dampened investor appetite for the company. Among the cornerstone investors in Shein's IPO is UBS Group's asset management arm, which would be investing in Shein for the first time.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Shein said to be aiming for Sept 1 IPO freemalaysiatoday.com
