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

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Aug 31 : Shein 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)

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