Fast fashion giant Shein is reportedly preparing to launch its Hong Kong IPO next week, aiming for a valuation between US$30 billion and US$35 billion. The company, founded in China and headquartered in Singapore, plans to raise up to US$2.8 billion. This move follows previous attempts to list in New York and London, which were hindered by regulatory concerns regarding its supply chain and tax practices. AI
RANK_REASON Major IPO preparation by a large global company, previously hindered by regulatory scrutiny. [lever_c_demoted from significant: ic=1 ai=0.1]
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