Sources: Singapore-based Shein is set to price its Hong Kong IPO at ~$6.20, or near the midpoint of its marketed range, raising $1.73B and valuing it at ~$26.5B (Reuters)

Shein plans a Hong Kong IPO at roughly $6.20 per share, targeting about $1.73 billion in proceeds and a $26.5 billion valuation. Nvidia posted Q2 revenue of $96.22 billion, with data-center sales up 117% to $89 billion and net income rising 126% to $59.7 billion. OpenAI issued a technical report on the Hugging Face incident, and Meta agreed to pay up to $18 billion to settle U.S. state claims concerning its platforms’ impact on children.