Shein Sets $27 Billion Hong Kong IPO Valuation
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Shein is preparing to debut on the Hong Kong Stock Exchange on September 1, seeking up to HK$13.86 billion, or about $1.77 billion, by selling nearly 280 million shares at HK$47.60 to HK$49.50 each. The offering would value the fast-fashion retailer at almost $27 billion, sharply…