Singapore-headquartered Shein, known for selling US$5 dresses and US$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 US$25 billion and US$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 US$30 billion-US$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.