GoKawiilShein prices Hong Kong IPO at up to $27 billion, well below 2022 peak
Shein filed to raise as much as HK$13.86 billion (about $1.77 billion) by selling roughly 280 million Class B shares priced between HK$47.60 and HK$49.50 apiece, implying a valuation near $27 billion at the top end. Pricing will be finalized August 31, with trading set to begin September 1, following Chinese regulatory approval after earlier listing attempts in London and New York fell through.