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Shein to Pay 3.5B to Investors Before Hong Kong IPO

Fast-fashion retailer Shein plans to pay up to 3.5 billion dollars to selected pre-IPO investors. The cash and share payments offset valuation declines ahead of its Hong Kong listing.

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FILE PHOTO: A customer looks at clothes in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo

Online fast-fashion retailer Shein will pay up to $3.5 billion to selected pre-IPO investors ahead of its Hong Kong listing, nearly double the fresh capital it seeks. The cash and share payouts compensate backers for a sharp valuation drop.
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