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Shein reportedly prices Hong Kong IPO near midpoint of range, raising $1.73B at ~$26.5B valuation
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Singapore-based Shein is reportedly set to price its Hong Kong IPO at approximately $6.20 per share, near the midpoint of its marketed range, raising roughly $1.73 billion and valuing the company at around $26.5 billion.
The ~$26.5B valuation establishes a public market benchmark for Shein and, by extension, for fast-fashion e-commerce. Midpoint pricing rather than a top-of-range price signals moderate but not overwhelming investor demand.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Shein is reportedly pricing its Hong Kong IPO at approximately $6.20 per share, near the midpoint of its marketed range.
The offering is set to raise approximately $1.73 billion.
The IPO values the Singapore-based retailer at roughly $26.5 billion.
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