Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO

Live updates

1. 16d ago

   Shein lists in Hong Kong with valuation up to $27 billion

   Shein has listed on the Hong Kong stock exchange with a valuation of up to $27 billion, targeting $1.8 billion in proceeds. This figure is a fraction of the company's 2022 peak valuation of $100 billion. Shein intends to use the funds for global outreach and technological advancements after repaying investors. The company faces a slower growth trajectory caused by rising expenses, tariffs, and competition from Temu.

   Why it matters

   The listing follows a period of delayed public offerings and growth struggles. The decline in valuation reflects the challenges China-born retailers face while maintaining dominance in the US market.

   What is confirmed

   • Shein is listing on the Hong Kong stock exchange.
   • The company targets $1.8 billion from its IPO.
   • Shein's valuation is up to $27 billion.

   Still unconfirmed

   • Shein's valuation has shrunk to a quarter of its 2022 peak of $100 billion.
   • The company will use IPO proceeds for technological advancements and global outreach after investor repayments.
   • Growth is slowing due to tariffs, escalating expenses, and competition from Temu.

   What to watch next

   • Actual funds raised following the close of the offering
   • Investor reaction to the final valuation
   • Quarterly growth reports following the public listing
   Sources used for this update (4)

   1. brandequity.economictimes.indiatimes.com — Fast-fashion giant Shein shrinks value to up to USD 27 billion in Hong Kong IPO
   2. www.dubaieye1038.com — Dubai continues to lead global cities in cultural and creative FDI
   3. biz.heraldcorp.com — Shein's valuation shrinks to quarter of 2022 peak as fast-fashion giant finally lists in Hong Kong
   4. www.cnbctv18.com — AI and robotics drive an IPO boom in China as Shein lists in Hong Kong
   confidence 90%
2. 22d ago

   Shein targets $27 billion valuation for Hong Kong IPO

   Fast-fashion company Shein plans to debut on the Hong Kong stock exchange on 1 September with a valuation of up to $27 billion. The company aims to raise $1.8 billion through the offering. This valuation represents a significant decline from its peak, with some reports citing a 73% plunge. To support the listing, Shein will pay up to $3.5 billion to specific pre-IPO investors. The company has faced growth struggles and a delayed public offering process.

   Why it matters

   The valuation drop reflects shifting business prospects and mounting regulatory and reputational pressures. Shein's move to Hong Kong follows a period of volatility in its perceived market value.

   What is confirmed

   • Shein is pursuing an IPO on the Hong Kong stock exchange.
   • The company is valued at up to $27 billion for the offering.

   Still unconfirmed

   • The stock market debut is scheduled for 1 September.

   What to watch next

   • Confirmation of the 1 September debut date
   • Final pricing of the IPO shares
   • Official disclosure of the total amount raised
   Sources used for this update (7)

   1. The New York Times — Shein, a Fast-Fashion Giant, Struggles to Grow Ahead of a Much-Delayed IPO
   2. Reuters — Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO
   3. Financial Times — Shein plans to raise $1.8bn in Hong Kong IPO
   4. BBC — Shein aims for almost $27bn valuation in 1 September stock market debut
   5. Reuters — Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing
   6. www.theglobeandmail.com — Fast-fashion giant Shein shrinks value to up to US$27-billion in Hong Kong IPO
   7. www.forbes.com — Shein Aims For $27 Billion IPO On Hong Kong Stock Exchange
   confidence 80%