Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say
Shein, the rapidly growing online fast-fashion retailer, is planning to launch an IPO in Hong Kong in mid-August, according to sources. The company is targeting a valuation of $30 billion to $40 billion for the initial public offering, a significant drop from its previous valuations of $98.2 billion in 2022 and $64 billion raised through private fundraising in 2023 and April 2024.
These valuations reflect the challenges the company is currently facing. While the exact IPO valuation and launch timeline are still subject to change, Shein has already begun pre-deal investor meetings. The company has not yet commented on the reported plans.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
