Shein aims to raise up to $1.77 billion through its IPO in Hong Kong
The fast-fashion giant plans to go public on September 1 and could reach a valuation of nearly $27 billion.
(File photo) Shein brand tags
Chinese e-commerce giant Shein launched its initial public offering in Hong Kong with the goal of raising up to 13,860 million Hong Kong dollars—about $1.77 billion—through the sale of 280 million shares, according to a Reuters report.
The company, founded in China and currently headquartered in Singapore, plans to set the final share price on August 31 and begin trading on the Hong Kong Stock Exchange on September 1. The offering would value the company at around $27 billion, well below the nearly $100 billion it reached in 2022.
Technology and international expansion
Shein plans to allocate a significant portion of the proceeds to strengthen its technological capabilities and expand its brand internationally, after its attempts to go public in New York and London faced regulatory hurdles.
The IPO also comes at a more challenging time for the company. Shein faces increased competition, regulatory pressure in the United States and Europe, and the impact of the elimination of the U.S. tariff exemption for low-value packages. In the first quarter of 2026, it reported a net loss of $99 million.
If the deal goes through on those terms, it would be the largest initial public offering in Hong Kong so far in 2026.
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