Online fast-fashion retailer Shein will be valued at up to $US27 billion ($A38 billion) as it aims to raise up to HK$13.86 billion ($A2.47 billion) in its Hong Kong initial public offering. Launched on Monday, Shein is selling 280 million shares in a price range of HK$47.60 to HK$49.50 per share, filings showed. The company will announce the final price on August 31 and start trading on September 1. Shein will be valued at close to $US27 billion at the top of the price range, a major decline from earlier private fundraising rounds that valued Shein at $US98.2 billion ($A137…
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