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Shein targets $27 billion valuation in Hong Kong IPO

Shein plans to debut on the Hong Kong stock exchange on September 1 and raise as much as $1.8 billion at a $27 billion valuation, according to CNBC and a Bloomberg filing report relayed by Techmeme. The proposed value is far below the fast-fashion company’s $100 billion valuation in 2022.

Why it matters

The reduced valuation tests public investor appetite after Shein’s failed attempts to list elsewhere.

Sources

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