Shein apunta al 1 de septiembre para debutar en la Bolsa de Hong Kong

Chinese e-commerce giant Shein aims to debut on the Hong Kong Stock Exchange on September 1st, according to a recent report by the South China Morning Post. The company is targeting a valuation between $26 billion and $27 billion, a significant drop from its previous peak of nearly $100 billion in 2022. Shein has been seeking to go public in Hong Kong after years of delays, controversies, and failed attempts to list on the New York and London Stock Exchanges.

The postponement comes a day after the Hong Kong newspaper mentioned an earlier August 28th date. While the exact details of the listing process, valuation, and timeline are still being negotiated, Shein is expected to raise approximately $2 billion through the offering. The approval from Chinese regulators earlier this month cleared the way for the operation, which has been in the works for over four years following failed bids in New York and London.

The popularity of Shein surged during the pandemic due to its low prices, but its valuation has been hampered by U.S. and EU regulatory measures. Shein was founded in Nanjing, China in 2012 and recently relocated its headquarters to Singapore to distance itself from its origins and aim for an overseas stock market listing in the following year.