SHEIN’s Pre-IPO contract pair on Hyperliquid briefly fell nearly 15% on Aug. 31, according to market data cited by BlockBeats. The contract touched a low of $5.46, dropping below the company’s indicated IPO price range, and was last quoted at $5.6, or about HK$43.9.
SHEIN, the global fashion retail e-commerce platform, is scheduled to list on the Hong Kong Stock Exchange on Sept. 1. The company is valued at $27 billion and plans to offer about 280 million shares. Its IPO price range was set at HK$47.6 to HK$49.5 per share, implying a maximum fundraising size of about HK$13.86 billion, or roughly $1.77 billion.
The move in the Hyperliquid contract placed the quoted level below the announced IPO range ahead of the planned listing.
SHEIN’s Pre-IPO contract pair on Hyperliquid briefly dropped nearly 15% on Aug. 31, according to market data cited by BlockBeats. The contract fell to a low of $5.46, below the company’s IPO price range, and was later quoted at $5.6, or about HK$43.9.
SHEIN, the global fashion retail e-commerce platform, is scheduled to list on the Hong Kong Stock Exchange on Sept. 1. The company is valued at $27 billion and plans to offer about 280 million shares. Its IPO price range is HK$47.6 to HK$49.5 per share, with a maximum fundraising amount of about HK$13.86 billion, or about $1.77 billion.
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