Shein’s up to $1.8 billion Hong Kong IPO order book covered, sources say

HONG KONG: Online fast-fashion retailer Shein’s Hong Kong IPO book to raise up to $1. 8 billion has been fully covered with investor demand, two sources with knowledge of the matter said. Shein launched the new share sale on Monday, valuing the company at up to $27 billion. Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say Investor orders for the offering have come from a number of existing shareholders, China-focused and multi-strategy funds, said the sources who declined to be named as they were not authorised to speak to the media. A spokesperson for Shein did not immediately respond to Reuters request for comment.

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