Online fast-fashion retailer Shein formally launched its long-awaited Hong Kong initial public offering on Monday, seeking to raise as much as $1.8 billion at a valuation of up to 27billion.Thecompanyisselling280millionsharespricedbetweenHK47.60 and HK$49.50 each, with the final price expected on August 31 and trading set to begin on September 1. The Shein IPO marks the culmination of years of speculation about where and when the retailer would finally complete its stock market debut. Background Shein’s path toward a public listing has been unusually long and turbulent, shaped by shifting regulatory environments,…
Read MoreShein IPO Launches in Hong Kong at Sharply Reduced $27 Billion Valuation
