Shein targets $27 billion Hong Kong IPO — a fraction of its 2022 valuation

Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday. The fast-fashion retailer is selling around 280 million class B shares, priced between HK$47.60 and HK$49.50 per share, valuing it at close to US$27 billion at the top of […]