Fast-fashion giant Shein lowers value to $27bn for Hong Kong IPO

China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint Business live – latest updates Shein, which built a fast-fashion empire on what seemed like impossibly low prices, has been forced to lower its own valuation in a cut-price stock market float, after falling in

Shein Targets $27 Billion Valuation in Long-Awaited Hong Kong IPO  WSJ

Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing  Reuters

HONG KONG, Aug 24 : Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors — almost twice the fresh capital it is seeking in an IPO — to help compensate them for a sharp slide in its valuation, its prospectus showed on Monday.The investors entitled to the payments in cash and extr

Fast-fashion retailer’s previous attempts to list in New York and London faced opposition

Facing pressure in the United States and Europe, Shein is struggling to find new ways to grow ahead of its much-delayed initial public offering.