Online fast-fashion retailer ‌Shein is eyeing a company valuation in its planned Hong Kong IPO of just a quarter of the nearly $100 billion number seen in a share sale four years ago, sources said, as its growth prospects weaken. Two people familiar with the situation said Shein’s value was likely to be around $25 billion in the IPO, while a third source said the company was looking at a valuation of between $25 billion and $28 billion, based on the marketing price band for ⁠the offering. Founded in China in 2012 and known for selling $5 dresses and $10 jeans to shoppers in about 160 countries, Shein is aiming to launch its much-awaitedinitial public offeringlater this week, Reuters has reported. Shein is planning to issue up to 8% of its total shares in the IPO, a fourth person with direct knowledge of its plans said. The sources declined to be named as they were not authorised to speak to the media ahead of a public announcement of the deal terms.