Shein’s Hong Kong IPO pricing values company at US$26.5 billion: sources
The offering is expected to be priced at HK$48.56 a share
Shein, the Hong Kong-based online fast-fashion retailer, is set to price its initial public offering (IPO) near the midpoint of its marketed range, according to sources. The offering is expected to raise US$1.7 billion, valuing the company at approximately US$26.5 billion. The shares are projected to be priced at HK$48.56, falling within the HK$47.60 to HK$49.50 range.
This valuation represents a significant decrease from Shein's peak private market valuation of nearly US$100 billion in 2022 and is far below the US$66 billion valuation secured in a 2023 fundraising round. The Singapore-based company, founded in China, launched its IPO in Hong Kong on Monday and has faced regulatory challenges and business pressure in its key US and European markets.
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