Stock market: Shein lists in Hong Kong, targeting a market capitalisation of 23 billion

The fashion retailer onlineShein has announced that it will list on the Hong Kong Stock Exchange from 1 September, aiming for a market capitalisation of up to 23 billion euros. The fast fashion giant plans to offer 280 million shares at a price ranging from 47.60 to 49.50 Hong Kong dollars, raising up to HK$13.86 billion (approximately €1.5 billion at the current exchange rate) for a market capitalisation of HK$210.3 billion (approximately €23 billion).