Hong Kong ·
Shein offers Pre-D/D/D+ investors cash payouts and bonus shares to reset their cost basis ahead of its HK IPO
Late-stage backers from the Pre-D, D and D+ rounds are being guaranteed a combined roughly $1.1B cash payout (an 8% annualized return) plus extra Class B shares, a structured cushion letting Shein push ahead with a Hong Kong listing targeting up to $50B even as some shareholders reportedly press for closer to $30B.
Source: Inside Retail Asia ↗
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