Shein valued at $26.3 bn in Hong Kong market debut

The Manila Times 31 Aug Philippines

HONGKONG — 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. The company known for its ultra-low prices and rapidly produced clothes priced its shares at HK$48.56 apiece, Shein said in a filing to the Hong Kong Stock Exchange, below the maximum announced offer price

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