Shein will go public for $1.768 billion

Fast-fashion platform Shein has initiated its share subscription process ahead of an anticipated initial public offering in Hong Kong. The company aims to raise up to 1,768 million dollars through the stock market launch.

Despite the substantial capital raise, the offering places Shein's overall valuation at approximately 26,834 million dollars. This valuation marks a significant decline, sitting 72.7 percent below previous figures.