Quartz·1 min read·medium

Shein is targeting a $30 billion to $40 billion valuation for its Hong Kong IPO

Cris Tolomia
AI Summary

Fashion retailer Shein is aiming for a valuation between $30 billion and $40 billion for its upcoming Hong Kong IPO. This target represents a significant decrease from the $98.2 billion valuation achieved during a 2022 private funding round.

The range marks a steep drop from the $98.2 billion valuation Shein commanded in a 2022 private fundraising round

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Shein is targeting a $30 billion to $40 billion valuation for its Hong Kong IPO — Headlinne — headlinne