Shein will go public for $1.768 billion

Fast-fashion platform Shein has launched its share subscription process ahead of an anticipated initial public offering in Hong Kong. Through the stock market debut, the company aims to raise up to 1.768 billion dollars.

Despite the multi-billion-dollar fundraising target, the offering places Shein's overall valuation at approximately 26.834 billion dollars. This valuation marks a significant drop, sitting 72.7 percent below previous figures.