Shein IPO Value to Fall Short of $30 Billion Targeted by Some Investors, BI Says

(Bloomberg) — Shein Global Holdings Ltd.’s fast-fashion niche supports a valuation of $22 billion to $25 billion, Bloomberg Intelligence said, putting a fresh marker on one of the biggest questions surrounding the retailer as it prepares for one of the year’s biggest initial public offerings. BI’s estimate values Shein at about 13 to 15 times projected 2027 earnings, using that year as a more normalized base after freight and tariff shocks weigh on its 2026 results. Consumer and technology analysts Catherine Lim and Jason Zhu expect earnings to recover to $1.67 billion in 2027 and then grow about 20% annually…