Multiple reports say fast-fashion retailer Shein is targeting a valuation of about $30 billion to $40 billion for an initial public offering in Hong Kong planned for August. The information is attributed to unnamed sources, according to the outlets. The proposed valuation would place the company at a higher end of recent expectations for large listings, reflecting investors’ interest in Shein’s growth and business model. The reports do not provide further confirmed details about the size of the offering, the final valuation, or the terms of the IPO, noting that these elements can change as discussions with regulators and potential investors progress. The planned listing comes as Hong Kong continues to position itself as a major venue for global capital markets. For now, the coverage centers on the valuation range and timing rather than finalized deal mechanics, with additional specifics expected closer to the IPO timeline.