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The latest hongkong news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks hongkong across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Shein launched bookbuilding for its Hong Kong IPO, offering about 280 million Class B shares at HK$47.60 to HK$49.50 each. The offering could raise up to HK$13.86 billion (US$1.77 billion), valuing the retailer near US$27 billion, far below its 2022 peak of US$98.2 billion. Trading starts Sept. 1.
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