Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange with a valuation of nearly $27bn.
The company's shares will begin trading on 1 September, following failed attempts to list in the US and London due to regulatory challenges. Shein, founded in China and based in Singapore, has grown to become one of the world's largest fast-fashion retailers, operating in over 150 countries.
The IPO will offer nearly 280 million shares at a price range of HK$47.60 to HK$49.50 each, potentially raising $1.77bn. This valuation is significantly lower than its $100bn peak in 2022, reflecting slower sales growth and increased costs. The listing will be supported by major Wall Street firms including Goldman Sachs, Morgan Stanley, and JP Morgan.
Why it matters
The listing will test investor confidence in the fast-fashion industry amid ongoing US-China trade tensions and regulatory scrutiny.
This section reflects Dumpling editorial interpretation and is provided for context only.
What to watch
Investor reaction to Shein's debut and how the company navigates ongoing trade and regulatory challenges.
This section reflects Dumpling editorial interpretation and is provided for context only.