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The fast-fashion company raised $1.74 billion at a final offer price of HK$48.56, giving it a market value of around $26.5 billion
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Shein began trading on the Hong Kong Stock Exchange on Tuesday under the stock code 00625, with its stock falling about 9% on its first day of public trading after a years-long effort to go public.
The Singapore-headquartered company sold roughly 280 million Class B shares, netting about HK$13.60 billion ($1.74 billion) in proceeds, with the final offer price landing at HK$48.56 per share, according to CNBC. That offer price fell below the maximum of HK$49.50 per share. The IPO values Shein at roughly $26.5 billion, compared with a private-market valuation of $100 billion in 2022.
