Shein aims for almost $27bn valuation in stock market debut

Fast-fashion retailer Shein aims to value its shares at nearly $27 billion when they debut on the Hong Kong stock market on September 1st. The company plans to issue around 280 million shares at a price range of HK$47.60 to HK$49.50 per share, which could potentially take the firm's valuation to $27 billion. This IPO comes after Shein's previous attempts to list on the US and London stock markets were thwarted due to regulatory challenges.

Wall Street investment firms like Goldman Sachs, Morgan Stanley, and JP Morgan are supporting this listing. Despite recent financial setbacks, Shein is determined to navigate the obstacles, including increased duties and taxes in the US market, ongoing US-China tariff wars, and supply chain issues.