Home / Business and Economy / Shein Prices Hong Kong IPO, Raises $1.74B
Shein Prices Hong Kong IPO, Raises $1.74B
31 Aug
Summary
- Shein priced its initial public offering in Hong Kong.
- The company raised HK$13.60 billion ($1.74 billion) from the sale.
- The offer price was HK$48.56 per share, below the maximum.
The online fast-fashion retailer Shein has successfully priced its initial public offering in Hong Kong. The company secured HK$13.60 billion, equivalent to $1.74 billion, from this significant share sale. Shein offered 280 million shares for its listing at a price of HK$48.56 per share.
This pricing falls below the maximum offer price of HK$49.50 per share that was announced last week. The transaction represents a substantial financial event for the rapidly growing e-commerce platform.
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