Fast-fashion e-commerce platform Shein, which is planning to list in Hong Kong, is reportedly preparing to further lower its target valuation. Foreign media reports say the company is seeking a valuation of between $26 billion and $27 billion for its Hong Kong listing, a sharp decline from its historical peak. 13 HK01 report citing Bloomberg, Shein was considering opening its Hong Kong IPO to investor subscriptions as early as Aug. At the time, the company was targeting a valuation of about $30 billion, although investor resistance could force it lower. 17 that Shein had lowered its target valuation to between $26 billion and $27 billion and was seeking to raise about $2 billion, with existing shareholders potentially taking up roughly half of the offering.