Hong Kong ·
Shein cuts its Hong Kong IPO valuation target again, to $26–27B
Sources now put Shein's Hong Kong IPO target at $26–27B — down from the $30–40B range floated two weeks earlier and roughly a quarter of its 2022 peak — with existing shareholders said to be taking up as much as half of the roughly $2B offering as the debut nears its planned late-August date.
Source: Bloomberg (via Investing.com) ↗
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