Shein Targets $1.77 Billion in Hong Kong IPO at $27 Billion Valuation
Quick Reads
- Shein plans to raise up to HK$13.86 billion ($1.77 billion). The company is offering about 280 million Class B shares.
- Shares are priced between HK$47.60 and HK$49.50.
- Shein could be valued at nearly $27 billion.
- Trading is expected to begin on September 1.
Fast-fashion retailer Shein is targeting up to HK$13.86 billion ($1.77 billion) from its initial public offering (IPO) in Hong Kong, marking a major step toward becoming a publicly traded company.
According to a filing on Monday, Shein is offering around 280 million Class B shares at between HK$47.60 and HK$49.50 per share. At the top of the price range, the company would be valued at close to $27 billion.
The planned valuation is significantly lower than Shein’s previous private-market peak of $98.2 billion in 2022. The decline reflects challenges including slower growth, higher costs, tariffs, competition and increased regulatory pressure in major markets.
Shein’s long-awaited public listing follows earlier attempts to pursue stock-market listings in the United States and London. Those plans faced regulatory and political challenges before the company moved ahead with Hong Kong.
The IPO expected to be priced on August 31, with Shein’s shares scheduled to begin trading on the Hong Kong Stock Exchange on September 1.
The company plans to use funds from the offering to strengthen its technology capabilities, build its international brand and support its global operations.
The IPO will also test investor confidence in Shein as the company works to maintain its position in the highly competitive global fashion and e-commerce markets.
