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SHEIN若IPO成行,對有海外融資需求的中企是重大利好
格隆匯 02-09 15:05

在中美金融交往逐漸回暖的大環境下,中國跨境電商巨頭SHEIN再次被傳出將在美股IPO。

英國《金融時報》今天報道稱,多個消息源顯示,SHEIN在北京尋求監管部門批准其上市計劃。此前也有媒體稱,SHEIN已於去年11月向中國監管機構提交了計劃在美國進行 IPO 的文件,同時也向美國證券交易委員會(SEC)祕密提交了 IPO 申請。

儘管SHEIN絕大部分收入來自海外,但是觀察者網獲悉,其供應商幾乎全部位於國內,管理團隊和1萬餘名員工也以中國人為主。《金融時報》稱,SHEIN"認為他們必須請求中國證監會的批准"。與此同時,美國媒體近日報道,國內並未對SHEIN進行網絡安全審查。

2020年以來,由於美國在跨境審計規則上加強對中國企業的針對,中概股赴美IPO一度暫停,中美經貿關係也受到嚴重影響。不過到2022年8月,中美達成新的審計監管合作協議,雙方關係已經顯著回暖。

據《金融時報》去年2月報道,SHEIN營收目標是到2025年翻倍。有報道顯示,去年5月SHEIN曾經以660億美元的估值完成最新一輪融資,甚至有媒體稱其IPO估值高達900億美元。《金融時報》指出,SHEIN有望成為2019年的Uber之後,整個美股最大規模的IPO。

儘管美國通脹和消費者購買力有所降温,但據《金融時報》報道SHEIN今年計劃實現近 600 億美元收入。

無論如何,SHEIN的IPO如果能夠成行,將成為中美金融交往進一步回暖的標誌性事件,對於有海外融資需求的中國企業而言也是重大利好。

2023年全年,已經有36家中概股企業成功在美IPO,首發募資總額超9億美元,另有11家企業選擇通過SPAC方式在美股上市。

2023年11月,吉利集團旗下的極氪正式發佈了赴美IPO招股書。招股書顯示,其2023年上半年營收達到212.7億元人民幣,又身處火熱的新能源汽車賽道,有消息稱其目標估值高達180億美元,募資金額可能超過10億美元,有望成為近年來最受矚目的中概股IPO。

值得一提的是,極氪據悉也是採取了祕密遞表的方式,在其發佈招股書之前甚少有信息透露。

祕密遞交IPO申請,是美國等多地資本市場近年來流行的IPO方式,可以讓企業在正式發佈招股書之前避免過早地披露敏感業務信息,這對於初創企業和麪臨激烈競爭的企業非常有利。觀察者網注意到,近年來Twitter、Spotify、Mobileye等海外科技企業都是以祕密遞表的形式進行IPO,而最近登陸美股的中國企業也多采用這一形式。

來源:微信公眾號"瑞恩資本RyanbenCapital"

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