Shein raises $1.74B in Hong Kong IPO, plans Everlane purchase - NewsBytes

Shein, the fast-fashion retailer, just raised $1.74 billion in its Hong Kong IPO and is now looking to buy other brands to keep growing. Its first big move? Confirming in its prospectus its plan to buy US sustainable label Everlane for $80 million, a step toward reaching eco-conscious, higher-income shoppers.