SHEIN IPO VALUATION PLUNGES TO $25B Shein is targeting a valuation of around $25B–$28B for its upcoming Hong Kong IPO, down sharply from $98.2B in 2022. At $25B, Shein could raise up to $2B by selling 8% of its shares. The markdown reflects slowing growth, higher tariffs, regulatory pressure and tougher competition. Revenue growth slowed to just 1.1% in Q1 2026, while Shein posted a $99M quarterly loss.(*Walter Bloomberg)