Shein postpones Hong Kong debut to September, SCMP reports - The Business Times

Shein postpones Hong Kong debut to September, SCMP reports Shein plans to introduce multiple cornerstone investors Summarise Share Add BT as a preferred source Add BT as a preferred source Published Thu, Aug 20, 2026 · 07:06 PM The South China Morning Post report said that the company now intends to start book-building from August 24. PHOTO: REUTERS [HONG KONG] Shein has pushed back its market debut in Hong Kong until September following a slight delay in taking investor orders for the fast-fashion retailer’s IPO at a reduced valuation, the South China Morning Post reported on Thursday (Aug 20). Shein plans to introduce multiple cornerstone investors, although most positions will be taken up by existing shareholders, the report said, citing sources familiar with the matter. Shein did not immediately respond to a Reuters request for comment. Reuters reported on Monday that Shein is aiming to launch its much-awaited Hong Kong IPO later this week at a valuation just a quarter of the nearly US$100 billion number seen in a share sale four years ago. The firm’s valuation was likely to be around US$25 billion in the IPO, Reuters reported, a drop from the US$30 billion to US$40 billion range speculated at the beginning of this month, just after it began investor meetings on the issue. Founded in China in 2012, Shein is best known for selling US$5 dresses and US$10 jeans to shoppers in about 160 countries. The South China Morning Post report said that the company now intends to start book-building from August 24. It had originally aimed to complete the entire IPO process by the end of August. SEE ALSO Shein eyes company valuation of around US$25 billion in Hong Kong IPO Shein is said to consider Aug 28 for Hong Kong trading debut Shein finds there’s no place like China after Vietnam warehouse experiment disappoints Shein seeks US$30-$40 billion valuation for August Hong Kong IPO: sources Shein proposes cash payouts, more shares for late-stage investors ahead of IPO Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO More Asean Intelligence Get insights into businesses across South-east Asia Get the free report Investment banks involved in the deal are considering arranging their own funds to serve as cornerstone investors, the report added. REUTERS Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. Shein IPO Share with us your feedback on BT's products and services Feedback TRENDING NOW ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts Sats slides 13.6% as investors dump shares on profit-margin squeeze When every phone becomes a satellite phone, what happens to Asia’s telcos?