Key facts
- Shein is considering a valuation of approximately $25 billion for its Hong Kong IPO.
- The company was previously valued at nearly $100 billion four years ago.
- Shein plans to launch its IPO later this week.
Online fast-fashion retailer Shein is reportedly targeting a valuation of around $25 billion for its upcoming Hong Kong IPO, a significant decrease from previous expectations. The company aims to launch its offering later this week.
Shein's significantly reduced IPO valuation signals a challenging market for new listings and reflects a notable shift in investor sentiment for high-growth companies, particularly in the fast-fashion sector.
Online fast-fashion retailer Shein is reportedly aiming for a company valuation of around $25 billion in its upcoming Hong Kong initial public offering. This figure represents a substantial decrease from its valuation of nearly $100 billion four years ago, attributed to challenging business conditions.
Shein, which is headquartered in Singapore and was founded in China in 2012, is known for its affordable clothing sold in approximately 160 countries. Sources familiar with the matter indicated that the company is looking at a valuation range of $25 billion to $28 billion, based on the marketing price band for the offering. The launch of the much-anticipated IPO is expected later this week.
Details regarding the deal terms have not yet been publicly announced, and the sources requested anonymity as they were not authorized to speak to the media. Shein did not immediately respond to a request for comment.