Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing

Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing  Reuters

HONG KONG, Aug 24 : Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors — almost twice the fresh capital it is seeking in an IPO — to help compensate them for a sharp slide in its valuation, its prospectus showed on Monday.The investors entitled to the payments in cash and extr

Fast-fashion retailer’s previous attempts to list in New York and London faced opposition

Shein Looks to Raise Up to $1.77 Billion in Long-Awaited Hong Kong Offering  WSJ