Shein IPO valuation could fall below $30bn as investor appetite cools

Shein could be forced to accept a valuation below $30bn (£22.4bn) for its long-awaited stock market debut as investors push back on the fast fashion giant’s proposed price tag.
The retailer’s upcoming Hong Kong IPO is being pitched to prospective investors at a valuation in the mid-to-high $20bn range, according to the Financial Times.
The figure would represent another significant downgrade for Shein, which was valued at $98.2bn during a funding round in 2022 and had been tar