IPO

Shein plans to introduce multiple cornerstone investors

US digital infrastructure firm is reportedly working with advisers on the potential IPO, which might take place as soon as next year

The company is profitable even if few of its robots are used in commercial applications

This comes as investors bet on the logistics services firm’s tech-led approach to capitalise on the rapidly growing e-commerce ecosystem

Hits US$1.5 billion valuation after listing at a 29.61% premium

It responds to a Bloomberg report that the listing could raise as much as US$500 million

It’s aiming to launch its much-awaited initial public offering later this week

The weaker take-up of new shares is exposing a more challenging backdrop for the long-awaited revival of listings

The fashion retailer has targeted a US$30 billion IPO valuation but has faced pushback from investors and may lower it further