Abstract: SHEIN, a global online fashion and lifestyle retailer, launched its Hong Kong IPO to raise USD 1,768m. GS, MS and JPM are the joint sponsors. In this note, we look at the deal terms and recap our valuation note for the company. We analyze cornerstone and sponsor performance and assess the risk-reward of the deal.
ZIJIN GOLD INTL, LUXSHARE ICT, ZJ INNOLIGHT, CATL, Fast Retailing, ASC LN, Coupang, ITX SM, Vipshop
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