Shein priced its Hong Kong initial public offering (IPO) below the top end of the range, raising $1.74 billion. This was reported by Qazaqyia.kz citing Reuters.
The IPO price was set below the top end of the range, but the exact amount was not disclosed. This move reflects market demand and investor sentiment.
Shein is one of the world's largest online fashion retailers, particularly popular among young consumers. The Hong Kong listing aims to strengthen the company's financial position and expand its international presence.
This IPO could be one of the largest deals on the Hong Kong Stock Exchange in recent years. The company's shares are expected to begin trading soon.