Shein targets $27 billion Hong Kong IPO — a fraction of its 2022 valuation

Shein filed plans Monday to raise up to 13.86 billion Hong Kong dollars, equivalent to 1.77 billion U.S. dollars, through a Hong Kong initial public offering. The amount represents a reduction from the company's 2022 valuation. Shein is a Chinese fast-fashion retailer that operates primarily through online sales.

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