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Zayed Al-Zayani on 25 Years of Supporting Bahraini Women's Role in Development
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Shien Company has announced its initial public offering in Hong Kong, aiming to raise approximately $1.77 billion. The company's valuation at the top of the price range is around $27 billion, about 70% lower than its peak value of $100 billion in 2022. The company's market value has significantly declined over the past four years, dropping from $64 billion in 2023 and $100 billion in 2022, amid concerns over slowing growth and rising costs. The final share price is expected to be announced on August 31, and trading will begin on September 1, as the company continues efforts to regain its previous valuation after years of market challenges.
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