Shein Hong Kong IPO Launches at $27 Billion Valuation, 70% Below 2022 Peak

TLDR

• Shein launched its Hong Kong IPO on August 24, offering shares at HK$47.60 to HK$49.50, seeking up to $1.77 billion
• The IPO values Shein at around $27 billion, down roughly 70% from its $98.2 billion peak in 2022
• Revenue growth slowed to 1.1% in Q1 2026, and the company posted a $99 million net loss
• Cornerstone investors including Tencent, Tiger Global and General Atlantic committed $383 million
• Trading is set to begin September 1, making it Hong Kong’s largest IPO of 2026

Shein officially launched its Hong Kong IPO on Monday, August 24, offering around 280 million Class B shares priced between HK$47.60 and HK$49.50 each. The raise targets up to HK$13.86 billion, or roughly $1.77 billion.

Chinese-founded fast-fashion retailer Shein has launched bookbuilding for its Hong Kong IPO, aiming to raise up to $1.8 billion.

The company is expected to price the IPO by Aug. 31 and begin trading in Hong Kong on Sept. 1.

Source: Reuters https://t.co/HwYVOalDOQ

- Wall St Engine (@wallstengine) August 23, 2026

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