Shein launches up to $1.8 billion Hong Kong IPO

Shein launches up to $1.8 billion Hong Kong IPO  Reuters

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

A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.

More ride-hailing platform operators from mainland China and Southeast Asia have approached the Hong Kong government about entering the city’s market ahead of the launch of licensed operations, the transport minister has revealed. Secretary for Transport and Logistics Mable Chan also said on Sunday that more than 7,500