Shein to Gauge Hong Kong IPO Demand This Week, Aims to Raise US$2-3 Billion
Shein is set to begin investor demand assessment for its Hong Kong initial public offering as soon as this week, with a pre-marketing session scheduled for August 6. The fast-fashion retailer aims to raise between US$2 billion and US$3 billion. The move follows approval from China's securities regulator on July 10, clearing the way for a Hong Kong listing after earlier attempts in New York and London failed. Meanwhile, Shein's profitability and revenue growth have both slowed.
Shein received approval from the China Securities Regulatory Commission on July 10 to proceed with a Hong Kong listing, after previous attempts to list in New York and London failed. The approval removes a key obstacle to its shift to a Hong Kong stock exchange listing.
In addition, Shein's profitability and revenue growth have both moderated.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Cross-border E-commerce, with intensity 30/100 and 60% confidence over a short term horizon.
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