Shein Set for $1.7 Billion Haul After Guiding Midrange IPO Price

Shein Global Holdings is likely to price its Hong Kong IPO at about HK$48.56 per share, just above the midpoint of the marketed range, per people familiar with the matter. This suggests the deal is being set near fair value rather than aggressively discounted or marked up. Market impact is likely limited unless the final price meaningfully departs from the range and expected valuation.