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 offering, the company aims to raise up to $1.768 billion.

Despite the substantial capital raise, the IPO places Shein's valuation at approximately $26.834 billion. This valuation marks a significant decline, sitting 72.7% lower than previous figures.