Key facts
- Shein is reportedly planning an initial public offering (IPO) in Hong Kong.
- The fast-fashion retailer aims to raise up to $1.8 billion through the IPO.
- The company's valuation for the IPO is set at $27 billion.
- Shein is experiencing slowing growth.
- The company is facing increased regulatory pressure.
Fast-fashion giant Shein is reportedly preparing for an initial public offering (IPO) in Hong Kong, with plans to raise as much as $1.8 billion at a valuation of $27 billion. The move comes as the company navigates a period of slowing growth and increasing regulatory scrutiny. Thousands of garment factories in Guangzhou, China, operate continuously to produce fashion items for Shein, which are then distributed globally.