SHEIN Reportedly Set to Debut on Hong Kong Stock Exchange as Early as August 28

As of August 14, sources indicate that SHEIN plans to start accepting investor subscriptions for its Hong Kong initial public offering (IPO) as early as August 20 (next Thursday), and is targeting an official listing on the Hong Kong Stock Exchange around August 28. The IPO is expected to raise between US$2 billion and US$3 billion, with existing shareholders likely to subscribe to approximately half of the shares offered. SHEIN has not yet issued an official response to these reports. The company formally passed its listing hearing with the Hong Kong Stock Exchange on July 26, with Goldman Sachs, Morgan Stanley and JPMorgan Chase serving as joint sponsors. [Source: Ebrun Go, an automated writing robot developed by Ebrun that delivers real-time e-commerce industry insights powered by algorithms. This tool is still in its early stages of development. Please contact run@ebrun.com or leave a message to help it improve.]