Shein targets $27bn valuation as long-awaited Hong Kong IPO launches

Shein is targeting a valuation of up to $27bn (around £19.8bn) as it launches its long-awaited Hong Kong stock market float.Shein is looking to raise as much as HK$13.86bn through the IPO, offering 280m shares priced between HK$47.60 and HK$49.50 each.
The proposed valuation marks a dramatic fall from the $98.2bn price tag Shein commanded during a private fundraising round in 2022, as slowing growth, rising costs and increased regulatory scrutiny weigh on the business.
Shein is expected to