Key facts
- Shein is targeting a valuation of around $25 billion for its IPO.
- The IPO is planned for Hong Kong.
- The company aims to launch its offering later this week.
- The target valuation is a decrease from previous expectations.
Online fast-fashion retailer Shein is reportedly aiming for a valuation of around $25 billion as it prepares for its initial public offering (IPO) in Hong Kong. This figure is a decrease from previous expectations for the company's market debut. Shein is reportedly planning to launch its offering later this week. The company's move towards a Hong Kong IPO follows earlier considerations of listing in New York. The valuation target of $25 billion indicates a recalibration of the company's public market aspirations, potentially influenced by current market conditions or investor sentiment. The specifics of the offering, including the exact number of shares and pricing, are yet to be finalized but are anticipated to be determined as the launch approaches.