Exclusive-Shein eyes company valuation of around $25 billion in Hong Kong IPO, sources say

Shein is targeting a company valuation of approximately $25 billion for its planned IPO in Hong Kong, according to multiple sources. This figure represents a steep decline from the company's previous peak valuation of $98 billion. The drop reflects the volatile nature of fast-fashion markets and the influence of regulatory and geopolitical challenges on global IPOs. The company continues to pursue its public listing goals despite the significant reduction in its overall market valuation.