Camilla Rydzek11 August 2026For its planned Hong Kong IPO, online fast-fashion group Shein is presenting prospective investors with a valuation in the mid-to-high $20 billion range, according to the Financial Times. According to Reuters, Shein was still seeking a valuation ranging from $30 billion to $40 billion as recently as last week. The float could reportedly launch as early as next week, although its final valuation and timing remain subject to investor demand. Sheinsecured approval from Chinese regulatorsto pursue the Hong Kong listing in July, after earlier attempts to float in New York andLondon. Profit decline puts pressure on valuationShein’s listing documents showed that revenue increased 8% to $41.