Shein seeks to raise up to US$1.76 billion in Hong Kong initial public offering

Fast-fashion retailer Shein Global Holdings is seeking to raise as much as HK$13.85 billion (US$1.76 billion) in a Hong Kong initial public offering (IPO) that was initially planned four years ago. Shein will sell 279 million shares at HK$47.6 to HK$49.5 each, according to a filing to the city’s stock exchange on Monday. Shein began taking investor orders on Monday, with trading expected to start on September 1. Cornerstone investors – who will get guaranteed allocations in exchange for holding...