Shein targets drastically diminished £18.5bn valuation as Hong Kong float nears

Shein is reportedly targeting a valuation of around £18.5bn for its long-awaited Hong Kong IPO, marking a dramatic fall from the more than £72bn price tag it commanded just four years ago.
The company is expected to be valued at around £18.5bn when it floats, while one source put the prospective range at between £18.5bn and £20.7bn, based on the price band being marketed to investors, according to Reuters.
It marks another sharp reduction in expectations for the onl