Fast fashion Shein valued at up to $US27b in HK IPO - | Kyabram Free Press

World Fast fashion Shein valued at up to $US27b in HK IPO By AAP Newswire Aug 24, 2026 Shein's float comes as slowing revenue growth and weaker core earnings weigh on the business. -AP Online fast-fashion retailer Shein will be valued at up to $US27 billion ($A38 billion) as it aims to raise ‌up to HK$13.86 billion ($A2.47 billion) in its Hong Kong initial public offering. Hold tight - we’re checking permissions before loading more content Launched on Monday, Shein is selling 280 million shares in a price range of HK$47.60 to HK$49.50 ‌per share, filings showed. The company will announce the final price on August 31 and start trading on September 1. Shein will be valued at close to $US27 billion at the top of the price range, a major decline from earlier private fundraising rounds that valued Shein ‌at $US98.2 billion ($A137 billion) in ‌2022. The company ⁠was valued at $US64 billion ($A89 billion) in 2023 and April 2024. Cornerstone investors ​led by Boyu, Tiger Global and General Atlantic have subscribed for about $US383 million ($A534 million) worth of Shein shares, the prospectus showed. Tencent, Greenwoods, Taikang Life and UBS Asset Management will also take stock. The long-awaited float comes as slowing revenue growth and weaker core earnings weigh on Shein's business, ⁠while shrinking margins have also raised concerns its expansion ‌is ​running into headwinds from higher trade costs, tighter regulatory scrutiny and intensifying competition across global ​e-commerce. Shein, known for ‌selling $US5 ($A7) dresses and $US10 ($A14) jeans to shoppers in about 160 countries, swung to a $US99 million ($A138 million) quarterly ​loss after the US removed an import duty exemption on small packages, and a $US328 million ($A458 million) fair-value charge on convertible redeemable preferred shares following an accounting change. Hong Kong IPOs ​have ​raised about $US41 billion ($A57 billion) so far this year, ​a record for the period and more ‌than double the $US17 billion ($A24 billion) raised a year earlier, LSEG data showed. Shein's IPO is the largest new share sale in Hong Kong in 2026, surpassing autonomous driving firm Momenta Global's $US751 million ($A1 billion) offering in July. It is the third-largest IPO in Asia, behind CXMT and China Resources ​New Energy, which raised $US9.8 billion ($A13.7 billion) and $US3.6 billion ($A5 billion) respectively, in Chinese onshore IPOs.