HONG KONG: Online fast-fashion retailer Shein's valuation has dropped by around 70 per cent from a near US$100 billion private market peak four years ago, as it aims to raise up to HK$13.86 billion (US$1.77 billion) in its Hong Kong IPO launched on Monday (Aug 24).Shein is selling 280 million shares between H

The fast-fashion giant’s projection valuation has plummeted in the face of intensifying competition and rising costs overseas

Shein targets a Hong Kong IPO around September 1, 2026, with a valuation of $26-40B, down sharply from its $100B peak as profits decline and US

Online fashion retailer Shein launched its Hong Kong initial public offering on Monday, seeking to raise as much as HK$13.9 billion ($1.8 billion), with most of the proceeds…