Global Market | Shein plans Hong Kong stock market debut on August 28: Reports

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Synopsis Shein is reportedly planning a Hong Kong IPO on August 28, reviving its long-awaited public listing plans after exploring New York and London. The Singapore-based fast-fashion retailer may target a $30–40 billion valuation, well below its 2022 peak, amid slower growth, higher costs and financial pressure following US trade-policy changes. Online fast-fashion retailer Shein is planning to make its stock market debut in Hong Kong on August 28, marking the latest step in the Singapore-based company’s long-running effort to go public, according to a person familiar with the matter, according to a report by Reuters. The company, founded in…

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