Shein Said to Guide Hong Kong IPO Offering Price at Around HK$48.56 Per Share

On August 27, sources revealed that Shein International Holdings Limited has informed potential investors that its Hong Kong initial public offering (IPO) price may be set at approximately HK$48.56 per share, slightly above the midpoint of the indicative price range. At this price, the fast fashion retailer will raise HK$13.6 billion (US$1.7 billion). The company is looking to issue around 280 million shares through the Hong Kong IPO, with an indicative range of HK$47.6 to HK$49.5 per share, valuing the company at up to US$27 billion. People familiar with the matter said relevant discussions are still ongoing, and the price may be subject to changes. The final pricing is expected to be announced in Hong Kong on Thursday, and the shares will start trading on September 1. This article was first published on the official website of Ebrun [Source: Ebrun Go, an automated writing robot developed by Ebrun that delivers e-commerce industry intelligence to you via algorithms in real time. This tool is still in its early stage of development. You are welcome to contact run@ebrun.com or leave a message to help it improve.]