HONG KONG: Fast-fashion retailer Shein is targeting a valuation of around US$25 billion for its planned Hong Kong IPO, sharply below the nearly $100 billion it was valued at four years ago as the company's growth has slowed.
Two people familiar with the situation said Shein's valuation was likely to be around $25 billion in the IPO, while a third source put the range between $25 billion and $28 billion, based on