Shein targets US$25 billion valuation in Hong Kong IPO

Published Aug 17, 07:45 AM UTC

Online fast-fashion retailer Shein is planning to launch its long-awaited initial public offering (IPO) in Hong Kong later this week, targeting a company valuation of approximately US$25 billion. According to the report from The Business Times Singapore, the valuation is based on the marketing price band for the offering, which ranges between US$25 billion and US$28 billion. The IPO marks a significant milestone for the company, which has grown rapidly in the global fast-fashion market. The listing in Hong Kong reflects Shein's strategic focus on Asian capital markets despite previous regulatory and geopolitical challenges. The exact pricing and share allocation details are expected to be finalized upon the launch of the offering.