Mobble
Eco · Pollution · published 2026-08-27 · via The Guardian

AI boom lifts Asian markets as Nvidia doubles revenue; Shein's Hong Kong IPO values firm at $27bn

Shein is set to price its Hong Kong IPO at HK$48.56 per share, valuing the fast-fashion retailer at about $27bn, a fraction of its 2022 peak. The company faces slower revenue growth and shrinking margins, and has agreed to pay up to $3.5bn to certain earlier investors. Cornerstone investors including Boyu Capital and Tiger Global have subscribed for $383m of shares.

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Shein's Hong Kong listing values retailer at $27bn after steep decline · Pollution
This summary is AI-generated and original to Mobble; the linked article is the authoritative source. Original headline: “Asian technology shares ride high on AI optimism after Nvidia’s ‘stunning’ results – business live.” Browse more stories.