Shein weighs cost reset for late-stage investors ahead of Hong Kong IPO, Bloomberg News reports

Aug 3 : Shein is considering lowering the cost of investment for some late-stage investors as the fast-fashion retailer pursues a Hong Kong IPO at a lower valuation, Bloomberg News reported on Monday, citing people familiar with the matter.The company may offer a mix of cash payouts and additional Class B shares to investors in its pre-Series D, Series D and Series D+ funding rounds, the report said.The adjustment aims to reduce the cost base for those investors to reflect a valuation of around $40 billion, aligning with Shein's anticipated IPO valuation, Bloomberg News reported.Deliberations are ongoing, and no final decisions have been made and the amount of cash and shares provided will depend on the valuation Shein secures during the IPO, the report said. Shein did not immediately resp