Shein Covers 1.8 Billion Dollar IPO Book
Online fast fashion retailer Shein has fully covered its order book for a Hong Kong initial public offering aiming to raise up to 1.8 billion dollars. The company faces regulatory scrutiny as it prepares for its market debut.
Shein launched a Hong Kong IPO aiming to raise up to $1.8B, with the order book fully covered by investor demand on Monday morning. The offering values the fast-fashion retailer at up to $27B, a drop from its $100B private valuation in 2022. The listing tests investor appetite amid ongoing regulatory scrutiny across multiple global markets.
