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Chinese fast-fashion retailer Shein launched its Hong Kong initial public offering on Monday, seeking to raise as much as HK$13.9 billion ($1.8 billion) at a valuation of about $27 billion.
Shein Seeks Up to $1.8 Billion in Hong Kong IPO at $27 Billion Valuation
The fast-fashion retailer’s targeted valuation is sharply below its private-market peak, as slowing growth and the loss of import-tax exemptions in Western markets weigh on its low-cost model
85 words~1 min read
