Shein Set to Raise $1.7 Billion in Hong Kong IPO

Shein plans to raise approximately HK$13.6 billion ($1.7 billion) through an initial public offering on the Hong Kong stock exchange. The company indicated to prospective investors that it would price the IPO near the midpoint of its marketed range, valuing the fast-fashion retailer at just above $26 billion. The valuation represents a decline from approximately $100 billion four years earlier.

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