SHEIN launches Hong Kong IPO at a valuation of up to US$27 billion

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SHEIN has commenced bookbuilding for its Hong Kong IPO, offering approximately 280 million Class B shares priced between HK$47.60 and HK$49.50. The offering aims to raise up to HK$13.86 billion, with trading expected to start on Sept. 1. At the maximum price range, the online fashion retailer's valuation could reach US$27 billion. Additionally, SHEIN intends to pay up to $3.5 billion to selected pre-IPO investors as part of the listing process in Hong Kong.
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