Online fast-fashion retailer Shein is set to price its Hong Kong initial public offering near the midpoint of its marketed range, raising about $1.7 billion and valuing the company at roughly $26.5 billion, according to two people familiar with the matter, as reported by Reuters.
Shein is expected to price the offering at HK$48.56 a share, close to the midpoint of its HK$47.60 to HK$49.50 range. The deal would raise approximately HK$13.6 billion ($1.73 billion), the sources told Reuters on condition of anonymity because the information has not been publicly disclosed.
