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Market Chatter: Shein Eyes Up to $27 Billion Valuation For Hong Kong IPO

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Shein Global is seeking a valuation between $26 billion and $27 billion for its upcoming initial public offering in Hong Kong, Bloomberg reported Monday, citing people familiar with the matter.

The fast-fashion retailer is reportedly looking to raise about $2 billion through the IPO, which could take place around the end of the month.

The company had been evaluating investor interest and is said to have recently put forward a valuation of $30 billion, which faced pushback, the report said.

Shein did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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