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● TRACKER Updated 20d ago · 11 sources tracked

How Shein came crashing down

Shein is targeting a $27 billion valuation in its Hong Kong IPO, aiming to raise up to $1.77 billion. However, the company's growth has slowed, and its sustainability challenges have raised concerns. Pre-IPO investors are set to receive up to $3.5 billion around the listing. The IPO has faced significant delays, and Shein's valuation has decreased from $100 billion in previous years.

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  • ✓ Shein targets a $27 billion Hong Kong IPO.
  • ✓ Shein aims to raise up to $1.77 billion in its initial public offering.
  • ✓ Shein is set to pay up to $3.5 billion to select pre-IPO investors around its Hong Kong listing.
  • ✓ Shein's valuation has decreased from $100 billion in previous years.
🛡️ Source Corroboration: 11 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

Shein is set to pay up to $3.5 billion to select pre-IPO investors around its Hong Kong listing, a development that highlights the company's efforts to secure support for its IPO.

Live updates

  1. Shein's $27 billion Hong Kong IPO faces investor scrutiny

    Shein is targeting a $27 billion valuation in its Hong Kong IPO, aiming to raise up to $1.77 billion. However, the company's growth has slowed, and its sustainability challenges have raised concerns. Pre-IPO investors are set to receive up to $3.5 billion around the listing. The IPO has faced significant delays, and Shein's valuation has decreased from $100 billion in previous years.

    Why it matters

    Shein's IPO comes amid increased scrutiny of fast-fashion companies and their environmental impact. The company's business model, which relies on cheap clothing and algorithm-based marketing, has been both successful and criticized. The Hong Kong listing is seen as a key test for Shein's future prospects.

    What is confirmed

    • Shein targets a $27 billion Hong Kong IPO.
    • Shein aims to raise up to $1.77 billion in its initial public offering.
    • Shein is set to pay up to $3.5 billion to select pre-IPO investors around its Hong Kong listing.
    • Shein's valuation has decreased from $100 billion in previous years.
    • Shein's backers have agreed to a six-month lock-up on new IPO shares.

    What to watch next

    • Shein's Hong Kong listing on September 1
    • Investor reaction to Shein's sustainability challenges
    • Shein's future growth prospects
    Sources used for this update (5)
    1. Reuters — Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing
    2. CNBC — Shein targets $27 billion Hong Kong IPO — a fraction of its 2022 valuation
    3. www.livemint.com — Mint TOTM: Ambani vs Adani, now in aluminium?
    4. Bloomberg.com — Shein Backers Said to Agree to Six-Month Lock-Up on New IPO Shares
    5. omni.se — Shein förändrade shoppingen – nu rasar jätten i värde
    confidence 85%

  2. Shein's IPO struggles continue ahead of Hong Kong listing

    Shein, a fast-fashion giant, is set to list on the Hong Kong stock market on September 1, aiming for a valuation of almost $27 billion. The company is looking to raise up to $1.77 billion in its initial public offering. However, Shein's growth has slowed down, and its IPO has faced significant delays. The company's sustainability challenges and environmental concerns have also raised questions about its future prospects.

    Why it matters

    Shein's struggles are significant as the company was once valued at $100 billion. The Hong Kong listing is seen as a crucial step for Shein's future growth. The IPO has faced multiple delays, and the company's valuation has decreased substantially. Shein's sustainability challenges and environmental concerns have also raised questions about its future prospects.

    What is confirmed

    • Shein aims for almost $27bn valuation in 1 September stock market debut
    • Shein Looks to Raise Up to $1.77 Billion in Long-Awaited Hong Kong Offering
    • Shein's up to $1.8 billion Hong Kong IPO order book covered, sources say

    Still unconfirmed

    • Guggenheim's affiliates may buy parts of a $1.18B loan trading at 73 cents

    What to watch next

    • Shein's Hong Kong stock market listing on September 1
    • Investor response to Shein's IPO
    • Shein's future growth and sustainability efforts
    Sources used for this update (10)
    1. The New York Times — Shein, a Fast-Fashion Giant, Struggles to Grow Ahead of a Much-Delayed IPO
    2. WSJ — Shein Looks to Raise Up to $1.77 Billion in Long-Awaited Hong Kong Offering
    3. BBC — Shein aims for almost $27bn valuation in 1 September stock market debut
    4. Financial Times — How Shein’s IPO lost its shine
    5. The Economist — How Shein came crashing down
    6. Reuters — Focus: Shein's stock market listing will not mask sustainability challenges
    7. Reuters — Shein's up to $1.8 billion Hong Kong IPO order book covered, sources say
    8. www.livemint.com — How Shein came crashing down
    9. www.briefs.co — Guggenheim's Affiliates Eye Its Beaten-Down $1.18B Loan
    10. www.briefs.co — Crypto.com Compliance Executives Join Binance in Senior Roles
    confidence 85%
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