Fast fashion giant Shein launches up to $1.8 billion Hong Kong IPO

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), valuing it at up to $26.81 billion, according to an offering prospectus.Shein is selling 280 million shares for a minimum of HK$47.60 p

Facing pressure in the United States and Europe, Shein is struggling to find new ways to grow ahead of its much-delayed initial public offering.