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● TRACKER Updated 21d ago · 7 sources tracked

Shein’s IPO Plans Value It at About $27 Billion. That’s Shockingly Low

Shein plans to debut on the stock market on September 1 with a target valuation of almost $27 billion. This figure represents a steep decline from a 2022 valuation of $100 billion following a $1-2 billion funding round. The company is currently seeking up to $1.8 billion through a Hong Kong listing. While the order book is reportedly covered, the company faces growth struggles and ongoing sustainability challenges as it attempts to transition from a pandemic-era juggernaut to a public entity.

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  • ✓ Shein aims for a valuation of almost $27 billion for its stock market debut.
  • ✓ The company plans to debut on the stock market on September 1.
🛡️ Source Corroboration: 7 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Shein set a specific stock market debut date for September 1 with a target valuation of nearly $27 billion.

Live updates

  1. Shein targets $27 billion valuation for September 1 IPO

    Shein plans to debut on the stock market on September 1 with a target valuation of almost $27 billion. This figure represents a steep decline from a 2022 valuation of $100 billion following a $1-2 billion funding round. The company is currently seeking up to $1.8 billion through a Hong Kong listing. While the order book is reportedly covered, the company faces growth struggles and ongoing sustainability challenges as it attempts to transition from a pandemic-era juggernaut to a public entity.

    Why it matters

    Founded in 2008 as a wedding dress business, Shein grew by selling low-cost goods to young Americans using tariff exemptions. The company expanded rapidly via Instagram marketing and surged during the Covid-19 pandemic. It is headquartered in Singapore but relies on factories in Guangzhou.

    What is confirmed

    • Shein aims for a valuation of almost $27 billion for its stock market debut.
    • The company plans to debut on the stock market on September 1.

    Still unconfirmed

    • Shein was valued at $100 billion in 2022 after a $1-2 billion funding round.

    What to watch next

    • The official results of the September 1 stock market debut
    • Confirmation of the final IPO valuation
    • Updates on sustainability challenge resolutions
    Sources used for this update (8)
    1. The New York Times — Shein, a Fast-Fashion Giant, Struggles to Grow Ahead of a Much-Delayed IPO
    2. BBC — Shein aims for almost $27bn valuation in 1 September stock market debut
    3. Financial Times — How Shein’s IPO lost its shine
    4. The Economist — How Shein came crashing down
    5. Reuters — Focus: Shein's stock market listing will not mask sustainability challenges
    6. Gizmodo — Shein’s IPO Plans Value It at About $27 Billion. That’s Shockingly Low
    7. Reuters — Shein's up to $1.8 billion Hong Kong IPO order book covered, sources say
    8. gizmodo.com — Shein’s IPO Plans Value It at About $27 Billion. That’s Shockingly Low
    confidence 90%
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