Shein has confirmed that its IPO on the Hong Kong Stock Exchange will begin on the 1st Sept. It aims to raise up to $1.8bn in the IPO, valuing the company at around $27bn, significantly lower than the $100bn it was valued at when the IPO was first discussed three years ago in 2023. Shein has had several previous attempts to list in New York and London, but failed after political and regulatory scrutiny.
As of today (Monday 24th August) Shein announced it will be starting the IPO process, offering 280m shares for sale at between HK$47.60 and HK$49.50 per share ($6.07-$6.32), which would raise up to HK$13.86bn ($1.77bn) and valuing it at close to $27bn if it achieved the HK$49.50 share prices.
The business will announce the final IPO price on Aug 31 and start trading on Sept 1, and will be using the majority of the money raised to improve its technology and increase its brand and global presence.
In the 463-page prospectus, Shein said it has around 273m active customers in approximately 160 markets in 2025, up from 186m active customers in 2023, with 2m product styles, with revenues of $41.8bn in 2025 and profits of $2.064bn.