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The fast-fashion retailer's offering values it at roughly 70% below its 2022 peak of $98.2 billion
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Shein Global Holdings Limited launched its global offering on Monday, selling approximately 280 million Class B shares at between HK$47.60 and HK$49.50 per share, valuing the company at close to $27 billion at the top of that range.
According to the prospectus, the total proceeds from the offering could reach HK$13.86 billion, equivalent to approximately $1.77 billion. The final price is expected to be announced August 31, with trading on the Hong Kong Stock Exchange set to begin September 1 under the stock code 00625.
