Shein Targets $27 Billion Valuation in Hong Kong Stock Market Debut

Fast-fashion giant Shein is targeting a valuation of nearly 27 billion US dollars for its stock market debut in Hong Kong, scheduled for September 1. The listing on the Hong Kong Stock Exchange marks a major milestone for the company after regulatory hurdles delayed its planned IPO in London and the United States. Shein has grown rapidly to become one of the world's largest fast-fashion retailers by leveraging an online-first model and ultra-low prices.