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Market Chatter: Shein Targets Up to $40 Billion Valuation in Hong Kong IPO

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Shein has begun pre-deal investor meetings for a planned Hong Kong initial public offering targeting a valuation of $30 billion to $40 billion, Reuters reported on Tuesday, citing three people familiar with the matter.

The online fast-fashion retailer could launch the share sale as early as mid-August, although the valuation target and timetable remain subject to change based on investor feedback, the report said.

The target would mark a sharp reduction from Shein's peak valuation of $98.2 billion in 2022 and its $64 billion valuation in private fundraising rounds in 2023 and 2024, Reuters noted.

Some prospective cornerstone investors are reportedly seeking a valuation closer to $30 billion to $32 billion.

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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