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Shein valued at $26.3 billion in Hong Kong market debut
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HONG KONG, China (AFP)—Fast-fashion giant Shein raised $1.7 billion in its long-awaited Hong Kong initial public offering, valuing the online retailer at around $26.3 billion, the company said Monday.
Known for its ultra-low prices and rapidly produced clothes, the Chinese-founded behemoth's stock sale in the Asian financial hub comes after IPO plans for New York and London were derailed under regulatory scrutiny.
The online retailer offered 280 million shares on the market at HK$48.56 apiece,
Known for its ultra-low prices and rapidly produced clothes, the Chinese-founded behemoth's stock sale in the Asian financial hub comes after IPO plans for New York and London were derailed under regulatory scrutiny.
The online retailer offered 280 million shares on the market at HK$48.56 apiece,
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