Shein Global is seeking a valuation between $26 billion and $27 billion for its upcoming initial public offering in Hong Kong, Bloomberg reported Monday, citing people familiar with the matter.

The fast-fashion retailer is reportedly looking to raise about $2 billion through the IPO, which could take place around the end of the month.

The company had been evaluating investor interest and is said to have recently put forward a valuation of $30 billion, which faced pushback, the report said.

Shein did not immediately respond to MT Newswires' request for comment.

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