Shein wins Chinese approval for Hong Kong IPO
HONG KONG/LONDON - China approved fast-fashion retailer Shein’s long-awaited Hong Kong IPO on July 10, a notice posted on the China Securities Regulatory…
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Summary
In 2022, Shein was valued at as much as US$100 billion ($129 billion), although investors then adjusted their numbers as a pandemic-era e-commerce boom fizzled out and opposition from politicians, retailers and regulators intensified. The company, which sells US$5 dresses and US$10 jeans in around 150 countries, first filed for a US IPO in November 2023, but ran into growing resistance from lawmakers and regulators.
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In 2022, Shein was valued at as much as US$100 billion ($129 billion), although investors then adjusted their numbers as a pandemic-era e-commerce boom fizzled out and opposition from politicians, retailers and regulators intensified.
according to The Straits Times - AsiaThe company, which sells US$5 dresses and US$10 jeans in around 150 countries, first filed for a US IPO in November 2023, but ran into growing resistance from lawmakers and regulators.
according to The Straits Times - Asia
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