SHEIN launches Hong Kong IPO at a valuation of up to US$27 billion

SHEIN has started bookbuilding for its Hong Kong IPO, offering about 280 million Class B shares at HK$47.60 to HK$49.50 each. The offering could raise up to HK$13.86 billion (US$1.77 billion), with trading scheduled to begin on Sept. 1. At the top of the price range…
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