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المشهد العربي
Shein prepares for HK Stock listing
The e-commerce platform "Shein" is nearing its major initial public offering (IPO) on the Hong Kong Stock Exchange, following the release of the draft prospectus and the start of investor roadshows, with an expected listing in late August or early September. The company reported a net income of $2.064 billion, while its revenues rose by 8% to $41.8 billion, despite a 38.7% decline in net profits compared to 2024. The company has received approval from the China Securities Regulatory Commission to proceed with the listing, which is considered one of the largest retail sector IPOs in recent years.
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