Börsengang: Chinesischer Billigmodehändler Shein treibt seinen Börsengang in Hongkong voran
Der Online-Modehändler will bis zu 1,77 Milliarden Dollar einnehmen, während schwächeres Wachstum, sinkende Margen und höhere Handelskosten den Konzern belasten.
Chinese fast-fashion retailer Shein is making headway in its pursuit of a Hong Kong stock market debut, aiming to raise up to $1.77 billion. The company initiated the subscription period for its shares on Monday, according to the prospectus. Shares will be offered at a price range of 47.60 to 49.50 Hong Kong dollars, potentially valuing Shein at $26.81 billion.
The pricing is set to be determined on August 31, with the initial trading scheduled for September 1. This long-awaited move to the stock market comes at a challenging time for the firm, as slower revenue growth, weaker core profits, and shrinking margins have put pressure on its business. Concerns are mounting that Shein's rapid expansion could be hampered by increased trade costs, stricter regulatory requirements, and intensifying competition in the global e-commerce sector.
The company recently reported a quarterly loss of $99 million, attributable to the elimination of a US tariff exemption for small packages and a one-time charge of $328 million due to a change in accounting policy.
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