SHARE

Shein seeks $27bn valuation in Hong Kong IPO

Online fashion retailer Shein aims to raise up to $2bn via its Hong Kong IPO, valuing the business at $27bn. This is a significant drop from its $98.2bn valuation in 2022, reflecting slower growth and regulatory challenges.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.