According to a Bloomberg report citing sources, fast-fashion cross-border e-commerce company Shein plans to list around the end of this month, aiming for a valuation of between $26 billion and $27 billion in its Hong Kong listing. This valuation is not only lower than its previous target of $30 billion, but also significantly reduced from its historical peak of around $100 billion.

　　Sources revealed that the company aims to raise about $2 billion in this IPO, with existing shareholders potentially subscribing to about half of the shares in this offering. Earlier reports indicated that investors had expressed resistance to Shein's proposed $30 billion valuation target. (nw)