Shein Is Said to Target Up to $27 Billion Valuation in HK IPO

Fast-fashion retailer Shein Global Holdings Ltd. is targeting a valuation between $26 billion and $27 billion for its initial public offering in Hong Kong, according to Reuters reporting. This represents a decline from the company's previous peak valuation. Shein, which operates an online clothing retail platform, has not yet announced an official IPO date or filing status.

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