The fast-fashion brand Shein has finally received the go-ahead for its highly anticipated Hong Kong initial public offering, following unsuccessful efforts to list in London and New York. According to a Reuters report, the company is aiming for a market valuation between $40 billion and $50 billion. While Shein has the potential to offer as much as 8% of its shares, the actual portion sold is likely to be lower.

by shortkt.com✓

2 hours ago