#sheintostarthkipobookbuildingassoonasnextweek Fast-fashion giant Shein is moving closer to its long-awaited public market debut. Sources report that the company is preparing to start investor bookbuilding for its Hong Kong initial public offering as soon as next week.
Shein is currently targeting a valuation between $30 billion and $40 billion, which is lower than its previous private funding peaks. The company plans to raise billions as it shifts focus to Asian markets following regulatory hurdles elsewhere.
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Shein is currently targeting a valuation between $30 billion and $40 billion, which is lower than its previous private funding peaks. The company plans to raise billions as it shifts focus to Asian markets following regulatory hurdles elsewhere.
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