According to a Reuters report, Chinese fast-fashion brand Shein is aiming for a valuation of $26.5 billion (more than ₹2.5 lakh crore) for its upcoming $1.7 billion (₹16,240 crore) initial public offering. This figure represents a decline of approximately $40 billion (₹3.8 lakh crore) compared to the company's valuation in 2023. The report further noted that the firm intends to price its shares at HK$48.56 (over ₹590) each.

by shortkt.com✓

4 hours ago