Shein targets September 1 for Hong Kong stock exchange debut
The textile group would seek to reach a stock market valuation of between 26,000 and 27,000 million dollars (22,200 and 23,000 million euros), which represents a sharp decline compared to its 2022 valuation, with a maximum of almost 100,000 million dollars.
Shein, a Chinese textile group, is planning to go public in Hong Kong on September 1, with a valuation of $26,000-27,000 million. This is a significant decrease from its 2022 valuation of nearly $100,000 million. The company aims to raise $2,000 million in the operation and has had a long and complicated process, having previously attempted to list in New York and London. Shein was founded in Nanjing in 2012 and is now based in Singapore, producing mainly in Guangdong province and operating in around 160 countries.
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