Shein to seek $1.7 bln from September listing in Hong Kong
Shein will debut on the Hong Kong stock exchange on Sept.1, seeking to raise $1.7 billion from the long-awaited listing, the fast-fashion giant said on Aug. 24.
The online retailer plans to offer 280 million shares at a price between HK$47.60 and HK$49.50, raising up to HK$13.86 billion ($1.7 billion), it said in a filing to the bourse.
The higher price would value the company at around $26.8 billion.
Founded in China and now headquartered in Singapore, Shein finally won Beijing's approval last month to make its initial public offering in Hong Kong.
