Börsengang: Chinesischer Billigmodehändler Shein treibt Börsengang in Hongkong voran

Hong Kong and Bangalore - Chinese fast-fashion retailer Shein is accelerating its preparations for its initial public offering (IPO) in Hong Kong, aiming to raise up to $1.77 billion. The company launched the subscription period for its shares on Monday, according to the prospectus. It plans to offer 280 million shares at a price range of HK$47.60 to HK$49.50 per share, valuing Shein at up to HK$26.81 billion.

The IPO price is set to be determined on August 31, with the debut scheduled for September 1. Anchor investors such as Boyu, Tiger Global, and General Atlantic have already pledged shares worth approximately HK$383 million. Tencent and UBS Asset Management are also participating. Shein intends to allocate around 80% of its revenues into technology and expanding its brand and global presence.

The launch of the share placement was delayed by a few days. The targeted valuation of nearly $27 billion represents a reduction of about 70% compared to earlier financing rounds. Shein was valued at $98.2 billion in 2022. Recent investors have questioned whether the firm can return to the growth rates seen then.