Shein looks raise up to $1.77 billion in long-awaited Hong Kong IPO
GUANGZHOU, CHINA – JULY 14: A woman looks at her smartphone while walking past a SHEIN sign outside the company’s office on July 14, 2026, in Guangzhou, Guangdong Province, China.
Cheng Xin | Getty Images News | Getty Images
Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday.
The fast fashion retailer is selling around 280 million class B shares, priced between HK$47.60 and HK$49.50 per share, which values it at close to US$27 billion at the top of that range.
The final price will be announced by the company on Aug. 31, with shares expected to start trading on Sep. 1.
The company, which was valued at $64 billion in 2023 and April 2024, saw its valuation drop sharply from earlier private fundraising rounds that valued it at $98.2 billion in 2022, according to Reuters.
Investors and consumers are no longer excited by the ultra-fast fashion retailer as they once were, Shaun Rein, managing director at China Market Research Group, told CNBC last month.
Read More: Shein looks raise up to $1.77 billion in long-awaited Hong Kong IPO