Shein IPO Launches in Hong Kong at Sharply Reduced $27 Billion Valuation

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 […]

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