00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Shein is targeting a valuation of about $25 billion to $28 billion in its planned Hong Kong IPO,
00:10down from a $30 billion to $40 billion range earlier this month. According to Reuters,
00:16the valuation would be roughly a quarter of the $98.2 billion valuation Shein received in a 2022
00:23fundraising round. The fast fashion retailer plans to issue up to 8% of its shares,
00:27which could raise as much as $2 billion at a $25 billion valuation.
00:33Shein's revenue growth slowed to 8% in 2025 and 1.1% in the first quarter of 2026,
00:40amid U.S. customs duties and tariffs. The company posted a $99 million quarterly loss in the first
00:48quarter. For all things money, visit Benzinga.com.
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