Fast-fashion company Shein is aiming for a valuation of almost $27bn as it prepares for its stock-market debut in Hong Kong, with its shares due to begin trading on 1 September.
The target sets out the value Shein is seeking ahead of the start of public trading. It does not establish the company’s eventual market value, which will only become clearer once its shares begin changing hands on the Hong Kong market.
The available report does not disclose the expected offer price, the number of shares to be sold or how much money Shein intends to raise through the debut. It also does not provide details about how the company arrived at the near-$27bn valuation.
No further information was supplied about investor demand or whether the timetable could change before trading begins. The evidence also does not state how any proceeds from the stock-market debut would be used.
For now, the confirmed timetable centres on 1 September. Attention will focus on the start of trading and whether the public market values Shein close to the level it is targeting.