Shein Set to Take Orders for Hong Kong IPO Next Week, Eyeing US$35b Valuation: Sources Shein's upcoming initial public offering (IPO) in Hong Kong has been making headlines, with sources indicating that the e commerce giant is targeting a valuation of up to $35 billion.
This number represents a significant drop from earlier projections and private targets, which had envisioned valuations as high as $100 billion.
The decision to list in Hong Kong instead of more established markets like the US or London is telling, given Shein's history with regulatory scrutiny over its supply chain practices and tax structures.