Shein eyes company valuation of around $25 billion in Hong Kong IPO

Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO, said three people with knowledge of ‌the ⁠matter, down from ⁠nearly $100 billion four years ago due to challenging business conditions.

Singapore-headquartered Shein, known for ​selling $5 dresses and $10 jeans to shoppers in about 160 countries, is ​aiming to launch its much-awaited ⁠initial public ‌offering later this ​week, Reuters ​has reported.

One of the ⁠three sources said that the company, ​which was founded in China in ​2012, was looking at a valuation of between $25 billion and $28 billion based on the marketing price band for the ‌offering.


The sources declined to be named as they were ​not authorised to ​speak ⁠to the media ahead of a public announcement of the deal terms. A spokesperson ​for Shein did not immediately respond to a Reuters request for comment.