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Shein set for HK Stock debut
Shein plans to issue its shares to the public on the Hong Kong Stock Exchange on September 1st, aiming for a market value of approximately $26.8 billion. The company will offer 280 million shares priced between HKD 47.60 and 49.50 per share, potentially generating around $1.7 billion. This move follows approval from Beijing for its listing, and the proceeds will be used to enhance its technological capabilities and expand its global presence, despite criticisms regarding its environmental footprint and human rights concerns.
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