Shein is seeking to raise up to $1.77 billion in Hong Kong at a valuation of just $27bn , barely a quarter of its 2022 price tag, as tariffs in the US and Europe put its low-cost business model under growing pressure.
The fast-fashion group began taking orders on Monday for 280 million shares priced between HK$47.60 and HK$49.50. At the top of the range, the sale would raise HK$13.86bn and
