Quartz·1 min read·medium
Shein is targeting a $30 billion to $40 billion valuation for its Hong Kong IPO
✦AI Summary
Fashion retailer Shein is aiming for a valuation between $30 billion and $40 billion for its upcoming Hong Kong IPO. This target represents a significant decrease from the $98.2 billion valuation achieved during a 2022 private funding round.
The range marks a steep drop from the $98.2 billion valuation Shein commanded in a 2022 private fundraising round
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