Shein began trading on the Hong Kong Stock Exchange afterโฆ
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Shein began trading on the Hong Kong Stock Exchange after raising about US$1.7 billion in its initial public offering. Its shares fell by roughly 10% in early trading. ๐
The Singapore-incorporated, China-founded online fast-fashion retailer priced the offering at HK$48.56 (US$6.19) a share. Early trading put the shares at about HK$44.
The listing follows earlier public-listing efforts in the United States and London that did not result in an offering. It establishes a public-market price for a company previously valued far higher in private markets. ๐๏ธ
Shein's low-price model is under pressure from higher costs for cross-border parcels. The end of low-value parcel exemptions in key markets and higher logistics costs have affected the economics of shipping inexpensive items directly to customers.
The company also remains subject to European Union platform and consumer-protection scrutiny. As a listed company, it will make continuing disclosures while investors assess how those costs and regulatory obligations affect its business. ๐๏ธ
https://nutanica.com/Shein
The Singapore-incorporated, China-founded online fast-fashion retailer priced the offering at HK$48.56 (US$6.19) a share. Early trading put the shares at about HK$44.
The listing follows earlier public-listing efforts in the United States and London that did not result in an offering. It establishes a public-market price for a company previously valued far higher in private markets. ๐๏ธ
Shein's low-price model is under pressure from higher costs for cross-border parcels. The end of low-value parcel exemptions in key markets and higher logistics costs have affected the economics of shipping inexpensive items directly to customers.
The company also remains subject to European Union platform and consumer-protection scrutiny. As a listed company, it will make continuing disclosures while investors assess how those costs and regulatory obligations affect its business. ๐๏ธ
https://nutanica.com/Shein
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