Aequitas ECM Weekly (10 August 2026)- HK Trip Notes, Innolight, Shein, Manipal, Leap, LIC, Bizlink
Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
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SHEIN Vs Amazon, Part II: What Changed Since Our Last Shopping Adventure? SHEIN Cost Nearly Tripled!
Now that fast fashion giant SHEIN has finally filed offering documents in Hong Kong, we believe it's a good time to revisit the company's evolution...
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Shein IPO Valuation Analysis
My base case valuation of Shein is market cap of US$26 billion, which is lower than the target IPO valuation range of US$30 billion to US$40...
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US De Minimis Exemption Back From the Dead?! Court Revives Lawsuit, Orders Briefings in Coming Weeks
A US court has quietly allowed a lawsuit against the US Department of Commerce to move forward. If the plaintiff prevails, the US "de minimis"...
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Aequitas: Shein Global Holdings Pre-IPO - Thoughts on Valuation
SHEIN Global Holdings, a global online fashion and lifestyle company, aims to raise up to US$3bn in its Hong Kong listing. In this note, we talk...
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