Shein cuts company valuation to around $25 billion in Hong Kong IPO, sources say

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 has slowed. 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. 

Why it matters  

The valuation decline since 2022 comes as Shein’s biggest markets began a crackdown on e-commerce platforms selling cheap Chinese-made goods, hurting the company’s growth prospects.