#SheinReportedlySetsHKIPOPriceAboutHK$48.56 Fast fashion giant Shein has officially set its Hong Kong public stock offering price right around HK$48.56 per share. This launch places the massive online retailer at a total market value of roughly $27 billion. That price tag is a huge drop from its peak private valuation of nearly $100 billion a few years ago. Market experts say changing global trade rules and recent quarterly losses forced the company to lower its financial expectations as it finally heads to the public stock market.

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