Shein aims for almost $27bn valuation in stock market debut

Fast-fashion retailer Shein is preparing for a stock market debut in Hong Kong, with shares scheduled to begin trading on 1 September. The company is currently targeting a valuation of approximately $27 billion for the initial public offering.

This valuation represents a significant shift in the company's financial standing compared to four years ago, when it was valued at $100 billion. The upcoming listing marks a major transition for the online retailer as it enters the public equity markets.