Shein’s upcoming debut on the Hong Kong stock exchange is highly anticipated, with a valuation target of nearly $27bn. The fast-fashion retailer, which originates from China and is now headquartered in Singapore, received approval from Beijing for its listing. Despite a significant decrease from its $100bn peak, Shein is set to raise up to $1.77bn in its Hong Kong IPO that involves selling 280 million shares priced between HK$47.60 and HK$49.50. This move will cement Shein’s value near $27bn at the upper range, as the final price announcement is scheduled for August 31, ahead of trading commencement on September 1.
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