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These weeks, the scene has seen a notable shift, with Türkiye emerging as a focal point with seven prominent while the US and European markets have remained relatively subdued. However, the upcoming pipeline in both Europe and the US holds promise, hinting at the anticipation of new major listings in the months to come.



OBA Makarna, Klarna, Etihad Airways, Springer Nature, Webull, eToro

IPO digest | February 12 - March 13 | 2024 These weeks, the IPO scene has seen a notable shift, with Türkiye emerging as a focal point with seven prominent IPOs while the US and European markets have remained relatively subdued. However, the upcoming pipeline in ...

Welcome to the 2024 , where we observe the start of a new year filled with promising opportunities. As the curtains rise on this year's landscape, we find ourselves pleasantly surprised by the flurry of activity that has already unfolded. While many anticipated the revival of known and long-awaited names, 2024 began with deals by the companies that kept their cards close to the chest until very recently. With expectations of rate cuts on the horizon, investors are brimming with hope for a resurgence in IPO activity. January and the beginning of February witnessed a surge in the sector, underscoring the backlog of companies eager to reward investors with returns at the later stages of clinical trials. Several sizable European commenced trading simultaneously for the first time in a few years, in particular, in air travel and military equipment sectors.


Saudi Stock Exchange (Tadawul), Euronext, MicroSalt, Air Astana, Kaspi.kz

IPO digest | Weeks 1-6 | 2024 Welcome to the 2024 IPO Digest, where we observe the start of a new year filled with promising opportunities. As the curtains rise on this year's IPO landscape, we find ourselves pleasantly surprised by the flurry of act...

The long-rumored of Shein is set to become a reality in 2024, as reported by both the Wall Street Journal and CNBC earlier this week. Shein has confidentially filed to go public in the US and has hired Goldman Sachs, JPMorgan Chase & Co., and Morgan Stanley as lead underwriters for the offering.
Due to challenging macroeconomic conditions, Shein experienced a significant drop in its valuation from $100 bn in 2Q22 to $60 bn in a 2Q23 fundraising round. However, it aims to seek a valuation of up to $90 bn in its IPO, as per Bloomberg reports.
Accusations of forced labor employment in China have drawn increased scrutiny from the SEC, becoming a significant challenge to the company's success. Shein, responding to critics, asserts a zero-tolerance policy for forced labor and mandates its contract manufacturers to source cotton only from approved regions. In 2022, Shein relocated its headquarters to Singapore and initiated the expansion of its manufacturing facilities, aiming to diversify beyond its Chinese manufacturing base.
As the dominant player in fast-fashion retail, Shein commands an 18% share of the global market as per Reuters data and is indicating a continuous increase in its market share. The company's direct shipping strategy has proven instrumental in preventing unsold inventory from accumulating in warehouses and circumventing import taxes in the US, one of its largest markets.