Singapore-headquartered Shein, known for selling $5 dresses and $10 jeans to shoppers in about 160 countries, is aiming to launch its much-awaited initial public ‌offering later this week, Reuters has reported. One ⁠of the three sources ⁠said that the company, which was founded in China in 2012, was looking at a valuation of between $25 billion and $28 billion based on the marketing price band for the offering. The sources declined to be named as they were not authorised to speak ⁠to the media ahead of ⁠a public announcement of the deal terms. A spokesperson for Shein did not immediately respond to a Reuters request for comment. The latest company valuation target ‌is also lower than $30 billion-$40 billion that Shein was aiming for at the beginning of this month and soon after it kickstarted investor meetings, Reuters reported on ⁠August 4.