Hong Kong ·
Shein narrows its Hong Kong IPO target to $30–40B, roughly a third of its 2022 peak
Days after floating cash payouts to reset late-stage investors’ cost basis, Shein is said to be gauging cornerstone demand at a $30–40B range for a Hong Kong listing as early as mid-August, with some prospective cornerstones pushing for closer to $30–32B versus the $98.2B it commanded in 2022.
Source: RTÉ (Reuters) ↗
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