Shein Plans Hong Kong IPO in August 2026 at US$30-40 Billion Valuation
Chinese fast-fashion company Shein plans to launch its Hong Kong initial public offering as early as mid-August 2026, targeting a valuation of US$30 billion to US$40 billion. The target is sharply below its US$98.2 billion valuation in 2022 and the US$64 billion reached in private fundraising rounds in 2023 and April 2024. A draft prospectus shows sales slowed after the United States ended duty-free treatment for small-package imports, and a large one-time accounting charge pushed quarterly results to a net loss of US$99 million. Shein received Chinese regulatory approval on July 10, 2026.
Chinese fast-fashion company Shein plans to launch its Hong Kong initial public offering as early as mid-August 2026, targeting a valuation of between US$30 billion and US$40 billion. Shein has not yet disclosed the size of the offering, the issue price, or the listing timetable.
The newly disclosed target valuation is significantly lower than the US$98.2 billion valuation Shein had in 2022, and also below the US$64 billion valuation reached in private fundraising rounds in 2023 and April 2024. According to the draft prospectus, sales slowed after the United States removed duty-free treatment for small-package imports, and the company recorded a substantial one-time accounting charge, pushing its quarterly results from profit to a net loss of US$99 million.
On July 10, 2026, Shein received approval from the China Securities Regulatory Commission to list in Hong Kong. The approval cleared the way for its Hong Kong listing after earlier attempts to list in New York and London had failed.