Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say

LONDON/HONG KONG, Aug 4 : Shein is seeking a valuation of $30 billion to $40 billion in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three people familiar with the matter said.Shein started pre-deal investor meetings last week, one person said.

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