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
Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.
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