Shein targets $27bn valuation for September 1 IPO
BBC Business1 min read100 words
The latest figures show that the company’s current valuation falls well short of the $100 billion level it achieved during a private fundraising round in 2022. The new valuation was disclosed in a recent financial filing, indicating a notable reduction from the peak reached two years ago.
Analysts attribute the decline to a combination of market‑wide pressure on technology valuations and the firm’s recent performance metrics, which have not matched the growth expectations set during the 2022 round. The lower valuation underscores the shift in investor sentiment since the earlier fundraising, marking a significant adjustment in the company’s market standing.
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