Shein’s IPO Plans Value It at About $27 Billion. That’s Shockingly Low

Shein is moving forward with its Hong Kong IPO, which is fully covered and worth up to $1.8 billion. Current plans value the company at approximately $27 billion, a figure that represents slightly more than a quarter of its previous peak valuation. This valuation is considered shockingly low compared to its historical highs, as the fast-fashion giant seeks to enter the public market through the Hong Kong exchange despite the significant decrease in its overall market value.