Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70% below its private-market peak four years ago, with a slower growth outlook set to weigh on investor demand.