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More on Shein. The company, which sells £5 dresses and £11-£15 jeans, is set to price its initial public offering (IPO) at HK$48.56 a share, near the midpoint of its HK$47.60 to HK$49.50 range, Reuters reported.
The IPO will value the company at about a quarter of its nearly $100bn peak in 2022, and well below the $66bn it was valued at in a 2023 fundraising round.
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