According to reports, Xiyin International Holdings Limited is reportedly informing potential investors that the issue price of its Hong Kong initial public offering may be set at around HK$48.56 per share, which is slightly higher than the midpoint of the recommended price range. At this price, the fast fashion retailer will raise HK$13.6 billion. The company is seeking to issue approximately 280 million shares through its Hong Kong IPO. The recommended range is HK$47.6 to HK$49.5 per share, with a valuation of up to US$27 billion. People familiar with the matter said that related discussions are still ongoing, and prices may change. Since the information was not disclosed, people familiar with the matter requested anonymity. The final pricing is expected to be announced in Hong Kong on Thursday, and the stock will be listed for trading on September 1.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.