77 billion) through an initial public offering (IPO) in Hong Kong, according to a filing on Monday. 50 each, valuing the company at nearly $27 billion at the top end of the price range. Shein is expected to announce the final offer price on August 31, with its shares scheduled to begin trading on the Hong Kong Stock Exchange on September 1. The proposed valuation marks a significant decline from the company’s peak private-market valuations. The decline comes amid slowing growth, pressure on profitability and rising operating costs.