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Fashion retailer Shein is poised to price its Hong Kong initial public offering near the middle of its range, aiming to raise about $1.7 billion and value the company at approximately $26.5 billion. The offering is expected to be priced at HK$48.56 per share, close to the midpoint of the HK$47.60 to HK$49.50 range, sources familiar with the matter revealed. This valuation signifies a significant discount from Shein’s prior private-market valuations, with the IPO expected to value the company at about one-quarter of its nearly $100 billion peak valuation in 2022 and well below the $66 billion valuation noted during…
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