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Mon, 24 Aug 2026

Mon, 24 Aug 2026 Shein aims for almost $27bn valuation in stock market debut

The fast-fashion giant's shares are due to start trading in Hong Kong on 1 September.

* Shein plans to raise up to HK$13.86bn (£1.3bn; $1.77bn) in its initial public offering (IPO) on the Hong Kong stock market.
* The company will offer nearly 280 million shares for between HK$47.60 and HK$49.50, valuing it at almost $27bn (£19.8bn).
* This valuation is lower than its private fundraising value of $100bn in 2022 due to weaker sales growth and higher costs.
* Shein has faced regulatory challenges in listing in the US and London, but Hong Kong's market is seen as a more favorable option.
* The company has swung to a quarterly loss, losing $99m in the first three months of the year due to slower sales and increased costs.
* Investors are questioning whether Shein can maintain its fast-fashion business model amidst regulatory challenges and increasing competition.