Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

What Shein’s $27bn IPO means for Mubadala

Matein Khalid Chinese fast-fashion giant Shein is set to list in Hong Kong on September 1 at a valuation of up to $27 billion.

  • Shein IPO valued at $27 billion, lower than Mubadala's 2023 valuation of $64 billion.
  • Shein's revenue grew from $16 billion in 2021 to $32 billion in 2023 during pandemic.
  • Mubadala's investment in Shein marked a milestone, with Shein reporting $2 billion profit in 2025.

More from Monday 31 August →