Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say

Shein is targeting a valuation ranging from $30 billion to $40 billion for its upcoming initial public offering in Hong Kong. According to sources reported by Reuters, the company is seeking this specific valuation for the IPO, which is expected to take place in August. The fast-fashion giant is positioning itself for this significant financial milestone in the Hong Kong market, aiming for a valuation that reflects its current global scale and business operations.