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Shein Targets $27B (£20B) Valuation in Long-Awaited Hong Kong IPO, Raising to $1.8B
Shein launched its Hong Kong IPO on Monday, August 24, 2026, targeting a valuation of up to 27billion.Thefast-fashionretaileraimstoraiseasmuchasHK13.86 billion, or 1.77billion.ShareswillpricebetweenHK47.60 and HK$49.50 apiece. IPO Structure and Timeline Shein is selling 280 million Class B shares in the offering. The company will confirm its final IPO price on August 31, 2026. Trading on the Hong…
Vishal Mega Mart (NSE: VMM) Jumps 11% to ₹115 on CEO Gunender Kapur’s 5-Year Term Renewal
Vishal Mega Mart shares jumped around 10% on August 24, 2026, after the retailer announced the reappointment of Gunender Kapur as Managing Director and CEO for another five years. His new term will run from September 1, 2026, to August 31, 2031. Investors responded positively to the longer leadership tenure. With Vishal Mega Mart also…
JBM Auto Shares Rally 10%, Gain 16% in 6 Months; What Is Driving the Surge?
JBM Auto shares surged 10% to touch an intraday high of ₹685 on Friday, August 21, 2026. Reports suggested Bain Capital is exploring a $300 million minority stake in JBM Auto’s electric vehicle business. The stock has now climbed 16% over the past six months and 5% since the start of 2026. Heavy trading volume,…
MCX, NBCC India, Paras Defence, P&G Health Set for Ex-Dividend Trading This Week
MCX leads this week’s latest ex-dividend stocks, joined by NBCC India, Paras Defence, and P&G Health. Multi Commodity Exchange of India has fixed August 28, 2026, as the record date for a ₹8 final dividend. NBCC India, Paras Defence, and Procter & Gamble Health have record dates scheduled for August 27–28. Investors must hold shares…
Fifth Third Backs Payload’s $500M Monthly Payments Platform on August 23
Fifth Third Bank invests in Payload, an embedded payments platform processing $500M monthly. The deal marks Payload’s first outside capital since 2019 and expands payment options across industries.
Taylor Sheridan Sued by Writer Over Yellowstone Copyright Claim, August 24
Writer Lauren J. Salkin sues Taylor Sheridan, claiming he stole Yellowstone from her 2016 Sovereign Nation pitch. Lawsuit seeks injunction and damages including profits from the hit series.
Japan’s 5.9 Magnitude Earthquake Hits Tokyo, Kanto Region on August 23
Magnitude 5.9 earthquake hits Tokyo and Kanto region at 2 a.m. on August 23, 2026, injuring 37 people and disrupting train services. No tsunami threat reported.
Singapore Night Festival 2026 Opens Aug 21 With Myths, Legends Theme
Singapore Night Festival 2026 runs Aug 21 to Sept 5 with 94 programmes, mostly free. Features myths and legends theme, projection mapping, and Dutch street theatre company Close-Act Theatre’s Birdmen performances.
Ladakh Channels 90M Litres of Glacier Water Daily to 12 Villages on August 22
Ladakh diverts 90 million litres of glacier melt daily to irrigate 12 villages and 1,000+ acres. The initiative increases canal flow and provides reliable water supply to previously water-stressed farmland.