Shein plans to launch Hong Kong IPO as soon as next Wednesday, sources say

Online fast-fashion retailer Shein is planning to launch its Hong Kong initial public offering as soon as next Wednesday, two people with knowledge of the matter said on Tuesday.

The Singapore-based company has been marketing the share offering to investors this week, said one of the two sources and a third source with knowledge of the marketing plans.

Shein did not immediately respond to a Reuters request for comment.

Shein is targeting a valuation between US$30 billion (HK$234 billion) to US$40 billion in the IPO, Reuters reported last week.

The sources declined to be named as the information was confidential.

Reuters

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓