AI and Robotics Drive an IPO Boom in China as Shein Lists in Hong Kong
4 Articles
4 Articles
AI and robotics drive an IPO boom in China as Shein lists in Hong Kong
Chinese markets are booming with new public share listings driven by the craze for artificial intelligence. E-commerce giant Shein's shares are due to debut in Hong Kong on Tuesday in the latest such initial public offering. Its IPO raised $1.7…
Don’t Count Shein Out, Yet
The business world thinks Shein’s recent Hong Kong IPO —which valued the Chinese ecommerce fashion giant at only a quarter of its 2022 high—is a sign of the company’s downfall. While Shein probably should have listed in Hong Kong years earlier, observers are wrong to see Shein’s stock market debut as a failure; more likely it is a new beginning.
Key takeaways After a series of failed attempts to go public in London and New York, Shein has finally managed to secure a listing in Hong Kong. The company is now leveraging its enormous financial reserves – consisting of $15 billion (€12.9 billion) in cash and another $1.74 billion (€1.5 billion […]
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