Shein prices Hong Kong IPO at midpoint of range, raises $1.74 billion

FILE PHOTO: Clothes from fast-fashion brand Shein hang at their office in Sao Paulo, Brazil, December 15, 2025. REUTERS/Jorge Silva/File Photo 31 Aug 2026 10:03PM Aug 31 : Shein on Monday priced its initial public offering in Hong Kong at the midpoint of its marketed range, raising HK$13.60 billion ($1.74 billion) from the share sale. The online fast-fashion retailer has offered 280 million shares for the listing at HK$48.56 per share, below the maximum offer price of HK$49.50 apiece announced last week.($1 = 7.8379 Hong Kong dollars) Source: Reuters