Shein is seeking a valuation of nearly $27bn ahead of its Hong Kong stock market debut on 1 September, well below the $100bn it reached in private fundraising in 2022, according to the BBC.
Key facts
- Shein's shares are due to begin trading on the Hong Kong stock market on 1 September, the BBC reported.
- The company is aiming for a valuation of almost $27bn.
- The target valuation is far below the $100bn reached in a 2022 private fundraising round.
- The BBC described Shein as a fast-fashion giant.
Fast-fashion firm Shein is aiming for a valuation of almost $27bn as it prepares to make its stock market debut, according to the BBC. The company’s shares are due to start trading on the Hong Kong stock market on 1 September.
The targeted valuation marks a significant decline from the $100bn the company reached during a round of private fundraising in 2022, the BBC reported.
The gap between the roughly $27bn valuation now being sought and the $100bn figure from 2022 points to a substantial change in how the company is valued as it prepares to enter public markets.
Further details of the offering were not provided in the sources available.
Why it matters
The fall from Shein's $100bn private valuation in 2022 to the nearly $27bn now being sought reflects a marked change in how the company is valued as it heads to public markets, according to the BBC.
Frequently asked questions
When will Shein's shares start trading?
According to the BBC, Shein's shares are due to begin trading on the Hong Kong stock market on 1 September.
What valuation is Shein aiming for?
Shein is aiming for a valuation of almost $27bn in its stock market debut, the BBC reported.
How does this compare to Shein's previous valuation?
The target valuation is much lower than the $100bn Shein reached during a round of private fundraising in 2022.