Shein is set to begin trading in Hong Kong after raising HK$13.6 billion ($1.7 billion) in an initial public offering, testing investor appetite for the stocks of companies outside the artificial intelligence supply chain

SHEIN ESTIMATES IT WILL RECEIVE NET PROCEEDS OF ABOUT HK$13,123 MLN FROM ITS GLOBAL OFFERING, WITH ABOUT 40%, OR HK$5,249 MLN, EXPECTED TO BE USED TO ENHANCE TECHNOLOGICAL CAPABILITIES AND ANOTHER 40% TO ENHANCE BRAND AWARENESS AND STRENGTHEN ITS GLOBAL PRESENCE.