Shein Launches Up to HK$13.86 Billion Hong Kong IPO

Shein's final Hong Kong prospectus offers 279,992,500 Class B shares at an indicative HK$47.60 to HK$49.50 each, putting the maximum gross offer size at about HK$13.86 billion before any over-allotment. The company expects to determine the price by August 28, publish results by August 31 and begin trading on September 1 under stock code 00625. At the midpoint, it estimates HK$13.123 billion in net proceeds, with 40% each allocated to technology and global brand expansion and 10% to corporate-responsibility initiatives.