HONG KONG – Online fast-fashion retailer Shein is planning to launch its Hong Kong initial public offering as soon as Aug 19, two people with knowledge of the matter said on Aug 11.
The Singapore-based company has been marketing the share offering to investors this week, said one of the two sources and a third source with knowledge of the marketing plans.
Shein did not immediately respond to a Reuters request for comment.
Shein is targeting a valuation between US$30 billion (S$38.4 billion) and US$40 billion in the IPO, Reuters reported last week.
The sources declined to be named as the information was confidential. REUTERS
