IPO: Modehändler Shein vor Börsendebüt unter Druck
Am Tag vor dem Börsengang in Hongkong brechen Sheins Aktien im außerbörslichen Handel um mehr als zehn Prozent ein. Der Fashion-Gigant will eigentlich 1,49 Milliarden Euro einsammeln.
In the days preceding the official pre-IPO notice on Hong Kong's stock exchange, Shein's shares were trading lower on over-the-counter platforms. Several brokerages reported declines of more than ten percent from their pre-market levels. Shares on Futu briefly traded for 42 Hong Kong dollars. According to insiders, Shein plans to allocate the stock at 48.56 Hong Kong dollars per share, resulting in an issuance volume of approximately 1.49 billion euros and a market capitalization of 22.9 billion euros.
In a funding round in 2023, the company's valuation was more than double this amount. Shein is contending with increased competition and regulatory hurdles in the United States and Europe. Authorities have responded to the company's circumvention of customs regulations through direct shipping to consumers by imposing a minimum customs duty or lifting the customs exemption for goods below a certain threshold. Since then, Shein's growth has slowed.
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