Shein aims for IPO on Hong Kong Stock Exchange with valuation up to $50 billion

Shein plans to conduct its initial public offering on the Hong Kong Stock Exchange during September or October of this year, following approval from China's securities regulatory authority. The company expects its valuation to be between $40 billion and $50 billion, with up to 8% of its shares to be sold. The proceeds are anticipated to amount to several billion dollars, aimed at offsetting its previous valuation decline and expanding its global operations despite regulatory and geopolitical challenges.

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