Shein will go public for $1.768 billion

The fast-fashion platform Shein has opened its share subscription process on a Monday ahead of an anticipated initial public offering in Hong Kong. Through this offering, the company aims to raise up to 1,768 million dollars.

Despite the substantial capital raised, the public offering places Shein's total valuation at approximately 26,834 million dollars. This valuation represents a significant decrease, standing 72.7 percent below previous figures.