Shein's value drops by ₹3.8 lakh cr in just 3 yrs ahead of IPO at ₹2.5-lakh-cr valuation

Chinese fast-fashion retailer Shein is targeting a valuation of $26.5 billion (over ₹2.5 lakh crore) for its $1.7 billion (₹16,240 crore) IPO, Reuters reported. This would reflect around a $40 billion (₹3.8 lakh crore) drop from its valuation in 2023. The company is planning to set the IPO's price at HK$48.56 (over ₹590) per share, the report added.