Shein Prices Hong Kong IPO to Raise $1.74 Billion
Fast-fashion retailer Shein priced its Hong Kong initial public offering below the top end of its range, raising $1.74 billion from the share sale. The company's shares are slated to begin trading on the stock exchange on Tuesday amid cautious investor sentiment.
Xurve View
Insights:
Xurve View
Shein priced its Hong Kong IPO below the top end of its marketed range on Monday morning, raising $1.74 billion from the share sale. The fast-fashion retailer offered 280 million shares at HK$48.56 apiece, missing its earlier maximum target of HK$49.50. The public offering was subscribed 5.63 times, while the international portion drew 2.59 times coverage.
