Business

Shein prices Hong Kong IPO below top end of range, raises $1.74 billion

The Manila Times 01 Sep

Philippines

Shein prices Hong Kong IPO below top end of range, raises $1.74 billion — Sources: The Manila Times

SHEIN on Monday priced its Hong Kong initial public offering (IPO) below the top end of its marketed range, raising HK$13.60 billion ($1.74 billion) from the share sale. The online fast-fashion retailer offered 280 million shares for the listing at HK$48.56 per share. Last week, it said it would offer shares between HK$47.60 and HK$49.50 apiece.The Hong Kong public offering portion was subscribed

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Shein prices Hong Kong IPO below top end of range, raises $1.74 billion

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