Shein Set to Pay $39M in Hong Kong IPO Fees
Fast fashion giant Shein will pay up to $39 million in underwriting fees for its upcoming Hong Kong initial public offering. The company expanded its banking roster to raise up to $1.77 billion amid growing regulatory and market pressures.
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Fast-fashion giant Shein will pay up to $39M in underwriting fees for its initial public offering in Hong Kong, according to a prospectus released on Monday morning. The fee rate accounts for roughly 2.2% of the $1.77B the company seeks to raise in the listing. The offering values the firm at $27B, reflecting a valuation adjustment following earlier attempts to list in the United States and the United Kingdom.
