Key facts
- Shein is targeting a September 1 launch for its Hong Kong IPO.
- The company is aiming for a valuation between $26 billion and $27 billion.
- This valuation is lower than its 2022 valuation.
- The delay is due to slower growth and rising costs affecting investor appetite.
Shein is targeting a September 1 listing for its Hong Kong initial public offering, slightly later than previously planned. The online fast-fashion retailer is aiming for a valuation between $26 billion and $27 billion, a decrease from its 2022 valuation. The delay is attributed to slower growth and rising costs dampening investor appetite. The company had previously sought an IPO valuation of $30 billion to $40 billion when investor meetings ahead of the IPO first kicked off. Shein did not respond to a request for comment.