Shein Is Said to Weigh Cost Reset for Late Backers Before HK IPO

Shein Is Said to Weigh Cost Reset for Late Backers Before HK IPO Shein Global Holdings Ltd. is considering lowering the cost of investment for late backers that came in at an up to $64 billion valuation, people familiar with the matter said, as the fast-fashion retailer prepares for a Hong Kong listing at a much lower value. The company may hand out a combination of cash payouts and free additional Class B shares to investors in its Series pre-D, Series D and Series D+ rounds, the people said, asking not to be identified discussing a private matter. The move will help lower the cost base from those investors to a roughly $40 billion valuation, which will be more aligned with the planned initial public offering, the people said.