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

Shein’s Hong Kong IPO book targeting up to $1.8 billion was fully covered, supported by strong investor demand, according to two sources. The oversubscription signal suggests solid appetite for the offering and should be supportive for Shein’s initial trading expectations.

Analysis

Shein’s Hong Kong IPO book targeting up to $1.8 billion was fully covered, supported by strong investor demand, according to two sources. The oversubscription signal suggests solid appetite for the offering and should be supportive for Shein’s initial trading expectations.