
Shein Shares Drop 8 per Cent in Hong Kong Debut
The online fast-fashion giant traded at HK$44.60 on its first morning, putting its market valuation at US$24 billion after US and European tariff crackdowns erased profits.
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136 stories in this topic

The online fast-fashion giant traded at HK$44.60 on its first morning, putting its market valuation at US$24 billion after US and European tariff crackdowns erased profits.

The fast-fashion giant will allocate 80 per cent of the HK$13.6 billion proceeds to technology and expansion while paying up to $3.5 billion to early-stage investors.

Fast-fashion retail giant Shein has received authorization for its much-anticipated Initial Public Offering (IPO) process in Hong Kong, bringing it one step closer to a listing after unsuccessful runs in both New York and London. This news came from the China…

Big Caring Group, Malaysia’s premier pharmacy retail chain, is gearing up for an initial public offering (IPO) as part of its strategic plan to strengthen its standing in the country’s burgeoning retail health sector. A Promising IPO Based in Kuala Lumpur and…

Lenskart Solutions, a leading Indian eyewear retailer, is preparing to unveil its Initial Public Offering (IPO) this week. The company is targeting a valuation of approximately 695 billion rupees, which equates to around $7.91 billion. Details of the IPO…

In a bold resurgence after a period of uncertainty, Swedish fintech giant Klarna is poised to make a fresh bid for a U.S. stock market listing, with plans reportedly set for September. This follows an earlier withdrawal of its IPO ambitions, prompted by…

Luxury perfume brand Maison Francis Kurkdjian, a part of the LVMH group, has recently expanded its retail presence in Hong Kong by inaugurating a new boutique in Harbour City. This store stands as a regional flagship for the brand, supplementing its existing…

Fast-fashion retailer Shein Group is reportedly mulling over the idea of relocating its headquarters to China. This move is supposedly aimed at gaining approval from Beijing authorities for its proposed Initial Public Offering (IPO) in Hong Kong. Relocation…

Reliance Jio Infocomm has made impressive strides in the 5G landscape, wrapping up June 2025 with a staggering 213 million 5G subscribers, a sharp rise from 170 million at the close of 2024. This growth surge, detailed in its latest quarterly report released…

Fast-fashion retailer, Shein, founded in China, has reportedly submitted an application for an initial public offering (IPO) in Hong Kong. This move has been interpreted as a strategic effort to expedite their listing process and to put pressure on the UK’s…

Jeremy Allaire, the co-founder of cryptocurrency powerhouse Circle Internet Group Inc., experienced a remarkable surge in wealth on Thursday, surpassing the $1.7 billion mark as the company’s stock soared nearly threefold on its first trading day. Circle’s…

Coinshares, one of the oldest and largest players in the digital asset management ecosystem, is inching closer to its ambitious goal of listing on a U.S. stock exchange, driven by a wave of more crypto-friendly regulations. The company revealed this exciting…

Indonesian coffee chain Fore Coffee made its trading debut on the Indonesia Stock Exchange (IDX), following a heavily oversubscribed initial public offering that attracted more than 114,000 investors. The East Ventures-incubated company priced its IPO at…

Vietnamese internet company VNG Corp has filed for an initial public offering (IPO) in the United States via VNG Ltd, a U.S. Securities and Exchange Commission filing showed. The listing will make VNG the first technology firm from Vietnam to list in the U.S.…

Vietnam’s electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering (IPO) in the United States to list on the Nasdaq under ticker symbol “VFS” to fund its expansion with a planned plant in North Carolina. VinFast, which began…

The second half of next year could see an increase in M&A and leveraged finance deals as market makers move closer together in their earnings expectations, and pent-up deals come to fruition. Macro-economic uncertainty, triggered by the Ukraine war,…
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