Hypebeast raised a ton of money after filing for its IPO

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Hypebeast, the influential fashion website, has raised about $3.8 million USD after filing for an IPO on the Hong Kong stock market. This is a huge move for the company, as Racked put it so nicely:

Last year, Hypebeast filed for initial public offering on Hong Kong's stock exchange and this past Monday the stocks were listed for the first time at 13 Hong Kong cents. According to Bloomberg, the company raised HK$65 million and now has a valuation of US$270 million; it's Asia's best performing debut stock of 2016.

That's a lot of new money for more blogs, more writers, more videos, and more fashunz! My, how the internet has changed streetwear!