People familiar with the matter revealed that the fast fashion retailer Xiyin plans to start investor subscription bookkeeping for its initial public offering in Hong Kong as early as next week, with a target valuation of 35 billion US dollars. A number of people familiar with the matter, who requested anonymity due to confidential information, revealed that the Singapore-based company plans to raise up to 2.8 billion US dollars and began mapping investor needs last week. Another source said that there is still a possibility of changes in the issuance period and fund-raising scale of this listing, and the company originally planned to complete the listing process by the end of this month. A source said that SHEIN's valuation “will not fall below 30 billion US dollars, and the company is making every effort to reach the target valuation of 35 billion US dollars.”

People familiar with the matter revealed that the fast fashion retailer Xiyin plans to start investor subscription bookkeeping for its initial public offering in Hong Kong as early as next week, with a target valuation of 35 billion US dollars. A number of people familiar with the matter, who requested anonymity due to confidential information, revealed that the Singapore-based company plans to raise up to 2.8 billion US dollars and began mapping investor needs last week. Another source said that there is still a possibility of changes in the issuance period and fund-raising scale of this listing, and the company originally planned to complete the listing process by the end of this month. A source said that SHEIN's valuation “will not fall below 30 billion US dollars, and the company is making every effort to reach the target valuation of 35 billion US dollars.”