Shein Receives CSRC Approval for Hong Kong IPO Filing, Plans to Issue 341.6M Shares

According to the China Securities Regulatory Commission, on July 10, Shein Global Holdings Limited received offshore listing filing approval for its subsidiary Guangzhou Shein International Import and Export Co., Ltd. The company plans to issue up to 341,613,000 shares and list on the Hong Kong Stock Exchange. Shein's target valuation for this IPO is approximately $40 billion, with total fundraising expected to reach billions of dollars.
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