AssetID: 55940977
Headline: UNCAPTIONED: Shein Targets $27 Billion Valuation In Stock Market Debut
Caption: Shein Targets $27 Billion Valuation In Stock Market Debut. Fast-fashion giant Shein is aiming for a valuation of almost 27 billion dollars when it makes its long-awaited stock market debut in Hong Kong on 1 September. The company plans to offer nearly 280 million shares, potentially raising around 1.8 billion dollars from investors. The listing follows unsuccessful attempts to go public in the United States and London amid regulatory challenges and scrutiny of the company's operations. Shein has grown into one of the world's largest fast-fashion retailers, selling low-cost clothing to customers in more than 150 countries. However, the proposed valuation is significantly below the 100 billion dollars Shein was valued at in 2022, reflecting slower sales growth and rising costs. The flotation is being backed by Goldman Sachs, Morgan Stanley and JP Morgan. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Shein,targets,$27 billion,valuation,Stock Market,Debut,fast-fashion,fashion giant,long-awaited stock market,Hong Kong,1st September,280 million shares,investors,London,United States
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