Shein targets Hong Kong market debut on September 1, sources say

Shein has set its Hong Kong initial public offering for September 1, a slight delay from earlier projections. The company's growth has slowed, and rising costs are impacting investor interest. Shein aims for a valuation between $26 billion and $27 billion, a considerable drop compared to its 2022 fundraising figures.

Summarised by Agaah from ET Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.