SHEIN's Hong Kong IPO Approved, Aims for $40-50 Billion Valuation with Prospectus Expected Late July

July 20, according to informed sources, SHEIN has received approval from the Hong Kong Stock Exchange's listing committee to proceed with its initial public offering. The company plans to release its first public listing documents during the week of July 27, with the IPO potentially launching as early as late August. The specific timeline and offering details may still be adjusted based on market conditions. The company has already begun preparations for marketing meetings with investors. The Hong Kong Exchanges and Clearing Limited has declined to comment, and SHEIN has not yet responded to related inquiries. Previous reports indicated that SHEIN completed its listing hearing at the Hong Kong Stock Exchange on July 16, where it presented details on its operations and financials. Upon approval, the company can proceed with the roadshow and book-building process. The investor roadshow for this Hong Kong IPO will be personally led by the founder, Chris Xu, who has long maintained a low profile. Last week, the International Cooperation Department of the China Securities Regulatory Commission announced the filing notice for SHEIN's overseas listing. The company intends to issue no more than 341.613 million ordinary shares for overseas listing and plans to list on the Hong Kong Stock Exchange. SHEIN internally targets a valuation of approximately $40 to $50 billion for this IPO, a decrease from its peak valuation of $100 billion in 2022. The company is currently considering raising several billion dollars, with the final fundraising scale dependent on market valuation. Currently, SHEIN's business covers over 160 countries and regions worldwide, encompassing its main site and sub-brands such as MOTF and evoluSHEIN. Its product range spans multiple categories including apparel, beauty products, and accessories. The United States is its largest single market, followed by Germany, the United Kingdom, France, Japan, and others. [This article is sourced from Ebrun Go. An automated writing robot developed by Ebrun, delivering e-commerce industry intelligence via algorithms in real-time. This bot is still young, welcome to contact run@ebrun.com or leave comments to help it grow.]