FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Shein's Up to $1.8 Billion Hong Kong IPO Attracts Full Investor Demand

By

Shein's Hong Kong IPO has attracted enough investor orders to cover the full offering of up to $1.8 billion, Reuters reported Tuesday, citing two people familiar with the matter.

The online fast-fashion retailer is offering 280 million shares at HK$47.60 to HK$49.50 apiece, valuing the company at up to about $27 billion. New share sale opened on Monday, attracting orders from existing shareholders as well as China-focused and multi-strategy funds, the sources told Reuters.

Shein will announce the final IPO price on Monday, with shares scheduled to begin trading on Hong Kong's exchange on Sept. 1.

Shein did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Qantas Airways Unit to Operate Direct Route Between Melbourne, Sri Lanka

Qantas Airways' (ASX:QAN) Jetstar unit will operate a new direct route between Melbourne in Victoria and Colombo in Sri Lanka, according to a Tuesday statement.The flights run three times a week, on Tuesdays, Thursdays, and Saturdays.Qantas Airways' shares rose past 1% in recent trading on Tuesday.

ASX:QAN
Asia

Shenzhen Longsys Electronics Passes Hong Kong Listing Hearing

Shenzhen Longsys Electronics (SHE:301308) passed its listing hearing with the Hong Kong bourse, paving the way for its proposed secondary offering in the city to proceed, according to a Monday after-hours filing with the Shenzhen Stock Exchange.The semiconductor memory product company plans to use proceeds from the offering to enhance its research and development capabilities, grow its packaging and testing facility in Brazil, boost sales and marketing, fund strategic investments, and for working capital, according to its post-hearing information pack.

SHE:301308
Asia

Hansen Technologies Partners with InvoiceCloud to Integrate Software Products with Digital Payments Platform

Hansen Technologies (ASX:HSN) partnered with InvoiceCloud to integrate its Hansen CIS software products with InvoiceCloud's digital payments platform, according to a Tuesday Australian bourse filing.The firms plan to support bill generation, presentment, payment, and reconciliation for utilities, energy retailers, and local governments across North America.Its shares rose 2% in recent trade on Tuesday.

ASX:HSN