Shein set to take orders for Hong Kong IPO next week, eyeing US$35b valuation: sources

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Fast-fashion retailer Shein Global Holdings plans to take investor orders for its Hong Kong IPO with a target valuation of US$35 billion. The company aims to raise up to US$2.8 billion, initiating investor interest gauging recently.

Fast-fashion retailer Shein Global Holdings is planning to take investor orders for its Hong Kong initial public offering (IPO) as soon as next week, aiming for a valuation of US$35 billion, according to people familiar with the matter. The Singapore-headquartered company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week, said sources who asked not to be identified while discussing confidential information. The timing and size of the...