Shein Is Said to Target Up to $27B Valuation in HK IPO

• Shein aims for a $26B-$27B valuation in its Hong Kong IPO, seeking to raise approximately $2B.
• This valuation is a significant drop from its $100B valuation in 2022, with a consistent decline shown over the years (e.g., $66B in 2023, $45B in 2024).
• The company posted a $99 million loss in the first quarter of this year, contrasting with a $395 million profit a year earlier, and faces further impact from potential new EU levies.

Fast-fashion retailer Shein is reportedly targeting a valuation of $26 billion to $27 billion for its upcoming initial public offering (IPO) in Hong Kong, a substantial decrease from its peak valuation of $100 billion in 2022. This valuation reset is attributed to slowing growth, increased competition from Temu, higher operating costs, and recent financial losses.