The fast-fashion company raised $1.74 billion at a final offer price of HK$48.56, giving it a market value of around $26.5 billion

Shein completed its Hong Kong IPO at a $26.5B valuation, raising $1.7B. The price marks a 70% decline from its 2022 peak amid slowing growth and

Investors will find how much the company is initially valued at when it makes its debut on the Hong Kong stock exchange on Tuesday.

Shares in the business dropped by as much as 10% in early trading.

Shein's valuation ahead of the IPO was $26.4 billion, down from its $100 billion private valuation in 2022.