Shein has set the offer price for its initial public offering in Hong Kong at HK$48.56 per share, the midpoint of its indicated range, according to a regulatory filing.
The fast-fashion retailer sold 280 million shares in the deal, raising HK$13.6 billion, or approximately US$1.74 billion, based on the pricing. The offer price was below the HK$49.50 per share maximum previously disclosed.
The IPO, finalized on Monday, marks Shein’s public debut in Hong Kong after months of market speculation. The company did not disclose further details regarding the allocation of proceeds or secondary trading plans.
The pricing follows weeks of market consultations and reflects cautious investor sentiment amid broader volatility in global equity markets. Shein’s listing is among the largest in Hong Kong this year, underscoring its scale in the fast-fashion sector despite recent regulatory scrutiny over its supply chain practices.
