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Shein prices Hong Kong IPO at midpoint of range, raises $1.74 billion

Shein prices Hong Kong IPO at midpoint of range, raises $1.74 billion

- Shein 0625.HK on Monday priced its initial public offering in Hong Kong at the midpoint of its marketed range, raising HK$13.60 billion ($1.74 billion) from the share sale.

The online fast-fashion retailer has offered 280 million shares for the listing at HK$48.56 per share, below the maximum offer price of HK$49.50 apiece announced last week.



($1 = 7.8379 Hong Kong dollars)


(Reporting by Nikita Maria Jino and Roshan Thomas in Bengaluru; Editing by Sherry Jacob-Phillips and DIti Pujara)

((Nikita.Jino@thomsonreuters.com;))

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