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Shiin targets $30B–$40B valuation in HK listing
Shenzhen-based fashion e-commerce company Shein plans to bring its shares to the Hong Kong Stock Exchange with a valuation ranging between $30 billion and $40 billion in mid-August. This marks a significant drop from its previous valuation of $98.2 billion in 2022. The move comes amid slowing growth and increasing regulatory pressures, especially after the company's profits declined due to changes in US tariffs and rising shipping costs. The company is facing investor pressure to lower its valuation, with some stakeholders pushing for it to fall between $30 billion and $32 billion. They are conducting meetings with investors in several U.S. cities to this end. Despite these challenges, Shein aims to bolster its investments in technology and seeks to strike a balance between expanding its growth allocations and minimizing the impact of the lower valuation on investors. The company's future on the global stage largely depends on its valuation and projected stock price, particularly in its competition with major firms like H&M and Zara.
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