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المشهد العربي
She plans to raise $1.77 billion via IPO
Shein, the global fashion company, plans to issue shares on the Hong Kong Stock Exchange in early September to raise approximately $1.77 billion. This will be achieved through the issuance of around 280 million shares priced between 47.60 and 49.50 Hong Kong dollars per share. The company's valuation at the lower end of the price range is estimated at about $27 billion, a significant drop from its previous valuation of $100 billion in 2022. This decline is due to slowing sales growth and rising costs, as Shein continues its efforts to list in other financial markets despite facing regulatory hurdles.
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