Online ?fast-fashion retailer Shein ?launched book building for a Hong Kong initial public offering on Monday, aiming ?to raise up to HK$13.86 billion ($1.77 billion), valuing it at up to $26.81 billion, according to an offering prospectus. Shein is selling ?280 million shares for a minimum of HK$47.60 per share ?and a maximum of HK$49.50 per share, the filings showed. The company will price the IPO on August 31 and debut on September 1. The ?long-awaited ?float comes ?as slowing revenue growth and weaker core earnings weigh on Shein’s business, while ?shrinking margins have also raised concerns that its breakneck…
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