Greater China
The listing is set to be Asia’s largest IPO so far this year.
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India
Monetary Authority of Singapore was allotted 1.04% of the IPO anchor book.
Indonesia
The stock rose 34.12% from its IPO price shortly after trading opened.
Sky Xu has delegated the public aspects of leadership to others.
Shein was last valued at $66b in May 2023, down from $100b in 2022.
Investor meetings are set to begin next week, with a listing expected around Oct.
Rest of Asia
SK Hynix shares have dropped a quarter from their record high hit two weeks ago.
It is offering 35.6 million new Class A shares at HK$268 each.
SBI is selling 28.8 million shares of SBI Funds to investors.
A record wave of lock-up expirations after a strong first half for new listings is also casting a shadow.
