Shein to pay up to $3.5 billion to pre-IPO investors around Hong Kong listing
Shein will pay up to $3.5 billion to select pre-IPO investors around its Hong Kong listing, an amount exceeding the roughly $1.77 billion it expects to raise from the IPO. The company's valuation has fallen nearly 73% from its 2022 peak of $98.2 billion.
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Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing https://t.co/723lmhCs8o https://t.co/723lmhCs8o
@BullTheoryio
SHEIN HAS TO PAY BACK ITS INVESTORS MORE THAN IT WILL RAISE FROM ITS IPO Shein was valued at $98.2 billion in 2022. Its upcoming Hong Kong IPO now values the company at just $27 billion, a drop of nearly 73%. Revenue growth slowed to 1.1% this year, while US sales fell 14% https://t.co/RJxvyDnOn3