Fast fashion firm Shein could be valued at up to 27 billion US dollars (£19.8 billion) when it makes its long-awaited stock market debut in Hong Kong next week.
The pricing for shares set by the group – giving it a valuation of between 202 billion HK dollars (26 billion US dollars/£18.9 billion) and 210 billion HK dollars (27 billion US dollars/£19.6 billion) – is thought to be far less than originally hoped for by the group, having reportedly been worth more than 100 US dollars (£73.3 billion) at its peak following a private fundraising in 2022.
