Shein launches up to $1.8 billion Hong Kong IPO

FILE PHOTO: Clothes from fast-fashion brand Shein hang at their office in Sao Paulo, Brazil, December 15, 2025. REUTERS/Jorge Silva//File Photo 24 Aug 2026 06:24AM HONG KONG, Aug 24 : Online fast-fashion retailer Shein launched book building for a Hong Kong initial public offering on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion), according to an offering prospectus.Shein is selling 280 million shares for a maximum offer price of HK$49.50 per share, the filings showed.The company will price the IPO on August 31 and debut on September 1.($1 = 7.8402 Hong Kong dollars) Source: Reuters