Shein Group LimitedPrivate▲ Positive
Capitalrelevance
IPO fully subscribed, raising up to $1.8 billion
Shein's Hong Kong IPO fully subscribed, set to raise up to $1.8 billion
Corporate Action
Shein has received full subscription orders for its IPO, preparing to raise up to $1.8 billion before listing on the Hong Kong stock exchange on September 1, with a maximum company valuation of $27 billion. The company is offering 280 million shares in a price range of HK$47.60 to HK$49.50 per share, with the final offer price expected to be announced on Monday. The valuation used in this IPO is nearly 70% below the roughly $100 billion valuation the company received in 2022, but the full subscription reflects continued investor interest.
IPO fully subscribed, raising up to $1.8 billion